Investing without a plan can lead to poor decision-making and financial losses. A good financial plan should be based on your goals, risk tolerance, and time horizon. It should also take into account your current financial situation, including your income, expenses, and debt. Without a plan, you may make emotional decisions based on market fluctuations, which can lead to poor investment choices and financial losses.
https://scottvolker.com/2023/03/23/how-to-lose-money-with-personal-financial-planning/