You don’t have to be a businessperson to think about investment. Nor do you have to be stinking rich. Every family has a specific income and a specific expenditure. Managing the resources you have and squeezing out a bit every now and then to make an investment can help prepare for the future.
Does thinking of terms like Investment, Portfolio, Funds make you dizzy? Well, it can be overwhelming. But that is what Wesley R. Gray and the other authors of DIY Financial Advisor aim to help you with. Wesley Gray is the CEO of Alpha Architect. Alpha Architect want you to be the driver of your investments and understand the basics of making informed investments.
DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth
Authors: Wesley R. Gray, Jack R. Vogel, David P. Foulke Series: Wiley Finance Pages: 224 Publisher: Wiley; 1 edition (August 31, 2015) ISBN-10: 111907150X, 978-1119071501
Experts can help, but their formula for investment will not necessarily fit in your criteria. The first part of the book will tell you why it is not always prudent to look for the so-called investment experts. Their prior experiences and failures can create a bias. Just because they were wrong, and a certain investment category did not give the desired results at a particular time, it doesn’t mean that it won’t work now for you. Prior experiences create a strong bias and this bias of the investment expert can hurt your investments now.
In the second part of DIY Fianancial Advisor, the authors talk about the basics of investment. You will read about Assets and Risks. The key to investing in the right asset is the ability to asses the benefit vs. the risk. The better you are at assessing this, the better investments you will make and the more returns you will enjoy.
Whether you ultimately decide to go to an expert or not is your choice. But either way, you need to understand the language that your financial advisor uses. You need to ask penetrating questions and dig for the reasons why the financial advisor thinks one investment is better than the other.
DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth is a guide that will help you make informed decisions about your money and grow your hard earned money to achieve your financial goals.