If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets you have landed at the right spot. I am a fee only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.
Thursday, October 28, 2010
DIY investors need a comprehensive list of investment and financial planning related links. This list from the American Association of Individual Investors is an excellent place to start to build a personal list. I would suggest checking the links out and eliminating those you feel aren't useful and then, over time, adding those you like.
As one who has been in the investment field for a long time, I constantly marvel at the resources available to today's investors. When I started managing assets, I had to call various brokers every day to get what is called a "bill run" and to get color on the market. That's how my day started. Today, yields on Treasury bills are available with the push of a button; and views on what is driving the market are easy to get. Analytical tools abound and are free - investors just need to know where to look.
In addition to outside resources, it is important for the DIY investor to fully understand the tools available at his or her brokerage, as I've discussed before. If you're with Schwab, TD Ameritrade, Scott Trade or whomever, putter online until you understand the analytical resources available. Don't let it be like your VCR, where you never learned all the features on how to record etc.
Picture by Matt Steenhoek