7 Biggest Wealth Killers in the Stock Market, According To Jaspreet Singh

Group 1 - A 2025 Empower survey indicates that 86% of Americans invest for specific goals like retirement and financial independence, but many make mistakes that hinder wealth building [1] - Personal finance expert Jaspreet Singh identifies seven investing mistakes that can negatively impact wealth accumulation [1] Group 2 - Singh warns against choosing stocks based solely on dividends, as a higher dividend may not reflect the stock's overall value and potential for profit [2][3] - Following trending stocks based on social media or news can lead to poor investment decisions, as the best opportunities may have already passed by the time they gain attention [4][5] Group 3 - A 2025 YouGov report shows that 64% of respondents plan to invest within a year, but many may start investing before they are financially prepared, particularly if they have high-interest debt [6] - Singh emphasizes the importance of paying off high-interest debt, such as credit card debt with a 25% interest rate, before investing, as it offers a guaranteed return that often exceeds typical investment returns [7]