Investing in the stock market can be a great way to build wealth over time, but it's important to approach it with a clear strategy and avoid common pitfalls. Here are some common mistakes that new investors should avoid:

Focusing too much on short-term gains: It can be tempting to try to make a quick profit by buying and selling stocks frequently, but this approach can be risky and lead to losses.

Not doing enough research: Investing in individual stocks requires a good understanding of the company and its financials. It's important to do your homework and invest in companies that you believe in and have a strong track record.

Overreacting to market fluctuations: The stock market can be volatile and subject to sudden fluctuations. It's important to stay focused on your long-term investment strategy and not get too caught up in short-term market movements.

Neglecting diversification: Investing in a variety of different stocks and sectors can help spread out risk and minimize losses.

Ignoring fees and expenses: Investing in the stock market can come with fees and expenses, such as brokerage fees and expense ratios. It's important to factor these costs into your investment strategy and choose investments that are cost-effective.