N.B. I am not a financial advisor
Most financial advisors are little more than leeches, telling you whatever they think you want to hear so they can earn their commissions. Learn to invest for yourself. You can do it. Hopefully this blog will contribute to that a little bit.
Friday, October 1, 2010
How to Create a "Do it Yourself" Investment Management Portfolio
DIY portfolio management reduces investing expense. When an investor moves from a full price broker to an online broker it reduces commission cost. Making your own buy/sell decisions eliminates the need for a manager and gets rid of the management fees, annual fees, quarterly fees, inactivity fees, planning fees and……. Well you get the picture. But it could also be a trap of your own making.
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