Will I always do it myself? I imagine that once I get into my mid 70’s I will probably just invest in funds that own a spread of the best companies. In the meantime, I am still learning. I have attended a Successful Investor Group and now follow Peter Castle from EasyShareTradingsystems.com.au.
To reduce my risk I have diversified investments across various financial instruments, industries, and other categories. This technique allows my investments to maximize returns by investing in different areas.
I have diversified my investing pool in:-
- First Mortgage Lending
- Australian Shares
- US Stocks
- UK Start-Ups
If you want to give DIY (Do it Yourself) investing a go then you need to learn to invest in yourself, and you need to practice. Our retirement savings will probably be the largest amount of money we have ever had to look after so the earlier you start your financial education the better investor you will become.
Find an organization to join that represents the interests of the investor. In Australia, the Australian Investors Association (AIA) holds an annual conference at the Gold Coast, Queensland every year and is an excellent place to start your investor knowledge.
DIY Investing is doable. It takes time, practice, planning, and patience.