What is Do-It-Yourself Investing?
Do-it-yourself investing is an investment management strategy where traders / investorsbuild and manage their own investment portfolios. Do-it-yourself investors commonly utilize discount brokerages and individual investment account platforms as opposed to full-service professional money managers.
Do-it-yourself investing can save investors, money on fees. It also gives investors the independence to make their own investment decisions on their own time. This has made it even more convenient for investors to build and personalize their own portfolios. It has also introduced hybrid financial advice models that integrate some forms of free interactive personal financial advice.
In building a DIY portfolio, investors can take a number of different approaches.
Many brokerages firms provide do-it-yourself platforms for investors / traders, with their available brokerage accounts and numerous managed funds and customized accounts for retirement investing.
Overall, do-it-yourself investing can help individual investors to save substantially on fees while also having full control over all of their investments. An array of options and tools exists in the market to help DIY investors achieve their goals
How could 4 extra hours change your financial freedom?
In 4 hours, you could squeeze in another round of golf. Or you could take the first step towards your dream retirement or the plan to leave a nest egg for your family!
We would be more than happy to explain these choices in more detail!