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Profile of an independent investor? |
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.jpg) Do you have the profile of an independent investor? If no, how and where does one get assistance? As explained further in the main text, you should consider the following:
- The necessary effort to acquire a good foundation in investing is now within the grasp of everyone;
- The technical revolution in computing and internet usage is not simply a luxury for the independent investor today. These tools are essential to get the knowledge, organize oneself and act as if you were the employee of an institutional investor who passes his days before computer screens;
- Know your limits – for example, know when to seek help (if you do not understand an investment product, get more information on it, or go onto something else), or know the degree of risk appropriate to your personal situation and to your profile;
- Lastly, and most importantly, do you draw personal satisfaction from the independent management of your investments?
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Last Updated ( Wednesday, 09 January 2008 )
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Quotation
…investing is simple, but not easy.1 The simple part is that the winning strategy is to act like the lowly postage stamp that adheres to its letter until it reaches its destination. Investors should stick to their  Asset Allocation until they reach their financial goals. The reason it is hard is that it is difficult for most individuals to control their emotions—emotions of greed and envy in bull markets and fear and panic in bear markets. Larry Swedloe |
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