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Stop DIY Investing and Hire a Fee-Only Financial Advisor. You will be glad you did!

Are you frustrated with the level of growth you experience if you attempt to invest on your own? When you research market rate of return and notice your portfolio does not measure up, what do you do? It is probably a good time for you to take the next step in your investing journey and ditch DIY investing.  Let a professional work for you.  A good fee-only financial advisor can help you avoid the many pitfalls (and resulting financial losses) of DIY investing.

Just Some of the Benefits of Hiring a Fee-Only Financial Advisor... 

1. Removing the Urge to Trade on Emotions

You've probably become more than a little emotional when you think about your money. And when it comes to investing, listening to these emotions more often than not can end disastrously. Investing is a science as well as an art.  A fee-only  financial advisor has the facts, is free of any emotional attachments and will direct you to actions that are best for your wallet.

2. Employing a Disciplined Process 

Hunches and tips rarely work out in the long run, but choosing and sticking to a proven investment strategy does. Your fee-only financial advisor has years of education and investment experience to use as a guide, and will never risk your money over a gut feeling or a rumor. 

3. Not Putting All Your Eggs in One Basket

The old adage, ”Only invest in what you know," is good advice, but only if you know a lot.  If you don't have experience with many types of financial assets, your portfolio probably isn't diverse enough to offer you the stability you need.  A good fee-only financial advisor will make sure that your investment strategy is well diversified to take advantage of up markets and minimize down markets. 

4. No More Selling When the Market Is Scary

The market is down for the second week in a row, and the value of your portfolio is dropping like a stone. Are you going to have the guts to stick to with your investment system? Most DIY investors don't and wind up not only selling their investments for a loss but missing out on the very lucrative market rebound. Fee-only financial advisors know market history and aren't scared by adverse market conditions, so, their clients stay in the market for the long run, reaping the proven benefits of this strategy.

5. Give Up Trying to Call Tops and Bottoms

You have heard it a thousand times, "Buy low, sell high."  But attempting to call the tops and bottoms of a volatile market can cause you to lose out on a lot of profit. A professional investor knows that being afraid to pull the trigger on a trade because the fear of missing the very top of the price wave is silly -  you just need to catch the majority of the trend. 

6. More Restful Nights

Investing on your own is stressful. If the market is up, you are worried whether you should ride the wave as long as possible or take your profit now. But if the market is down, it is even worse. You lie awake second-guessing decisions and wondering what will happen in the future. Why do that to yourself? Do your due diligence, hire the best fee-only financial advisor you can, and rest easy with a professional on your team. 

This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.