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Investing Specialists

Retirees: Avoid These Investing Mistakes

Bad decision-making and a lack of self-discipline can hamper performance, retired readers say.

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By the time they reach retirement, most people already know a thing or two about investing. In many cases, they've been saving and investing for decades, riding out countless market cycles, experiencing first-hand the market's ups and downs and the psychological challenges of dealing with them. Many in the current crop of retired investors have lived through the long bull market of the late 1980s and '90s, the bursting of the tech bubble in 2000, and the 2008 financial crisis, to name a few (ahem) highlights. They've had ample opportunity to make mistakes along the way, and to learn from them.

But even those who have invested well for decades mess up every now and then. Even Warren Buffett sometimes drops the ball. A case in point: His firm,  Berkshire Hathaway (BRK.A), recently took a $678 million charge for its bad bet on British grocery chain Tesco (TSCDY). (Watch Buffett fess up to his mistake here.)

Adam Zoll does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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