In our continued quest to provide content that is informative, engaging and empowering, The Self Empowered Investor is proud to announce a new weekly segment titled, “Do This, Not That!”. The intent of this segment is simply to offer an idea that a successful DIY 2.0 Investor would suggest to you versus what someone working in the financial services industry would suggest.
Since this is our first for this segment, let’s start with the most basic idea.
Do This: Commit to becoming an informed investor.
This does not mean go into information overload spending hours reading, analyzing charts, attending seminars or sacrificing your lifestyle…quite the contrary. A successful DIY 2.0 Investor leverages today’s information efficiently and effectively, within their available time and lifestyle to make informed investment decisions. Study after study shows informed DIY investors have the highest probability of achieving their financial goals.
Not That: Being an uninformed investor.
An uninformed investor is a financial advisor’s, the financial services industry, and Wall Street’s best and most lucrative client. They love the investor that tells them they don’t have the time to learn all about managing their investments and turns complete control over to this group putting full faith and confidence they’ll work in the investor’s best interest. This is what is known as playing ‘their game’ and it builds wealth for them…NOT the investor. Read this study by Cogent Research to understand the difference.
The Self Empowered Investor is committed to helping people learn the benefits of and how to become this ‘new breed’ of DIY investor. The choice is yours.