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Be careful where you put your money.
- Don't dabble in cryptocurrency if you're not already maximizing your retirement accounts.
- Boats and timeshares will cost more than they're worth in the long run.
- Buying a home that puts you in too much debt isn't a good property investment.
Whether you're new to investing or have been at it for decades, deciding where to put your money requires careful consideration. What appears to be a promising investment could actually turn out to cost more money than it's worth - or even cause significant financial losses.
Business Insider asked certified financial planners what things people invest in that aren't doing them any favors.
Here are nine things that you might think will make you rich, but experts say could end up costing you.