By George Watkins
On the surface, index investing seems like a perfect fit for do-it-yourself investors. The simplistic buy-hold-rebalance mantra of index fund proponents combined with the abundance of help from investing authors and online forums leads scores of informed investors to take on the task of personal portfolio management each year.
Many DIY investors never look back; they treasure their newfound fiscal autonomy and the challenge of overcoming future financial hurdles. Others, however, discover that they lack the time, interest, knowledge or discipline to successfully negotiate the dangerous DIY terrain, and they ultimately seek help from an investment advisor.
The purpose of this article is to clearly present the rationale for each approach so that index investors can decide which tactic best suits their needs and abilities.
Showing posts with label DIY. Show all posts
Showing posts with label DIY. Show all posts
Friday, October 1, 2010
Is Do-It-Yourself Investing Right for You?
By Mary Rowland
One of the first questions investors ask is this: Should I invest on my own or get the help of a financial planner?
For many investors, the answer is an obvious one. If you receive a large inheritance or divorce or insurance settlement and have no knowledge of the markets, you need help. But what about the rest of us? We know a little bit. We're willing to learn more. We're intrigued by the idea of investing. But will we do a good job?
One of the first questions investors ask is this: Should I invest on my own or get the help of a financial planner?
For many investors, the answer is an obvious one. If you receive a large inheritance or divorce or insurance settlement and have no knowledge of the markets, you need help. But what about the rest of us? We know a little bit. We're willing to learn more. We're intrigued by the idea of investing. But will we do a good job?
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