Comments on: Should I Go It Alone? http://www.investingintelligently.com/2006/11/30/should-i-go-it-alone/ Not just another (Canadian) financial blog Fri, 05 Dec 2008 11:09:25 +0000 http://wordpress.org/?v=abc By: moneymonk http://www.investingintelligently.com/2006/11/30/should-i-go-it-alone/#comment-3546 moneymonk Mon, 11 Dec 2006 23:23:20 +0000 http://www.investingintelligently.com/2006/11/30/should-i-go-it-alone/#comment-3546 I manage my own accounts. I do not see any reason for me to pay someone to manage my own money. I manage my own accounts. I do not see any reason for me to pay someone to manage my own money.

]]> By: 0xCC http://www.investingintelligently.com/2006/11/30/should-i-go-it-alone/#comment-3335 0xCC Fri, 01 Dec 2006 13:32:50 +0000 http://www.investingintelligently.com/2006/11/30/should-i-go-it-alone/#comment-3335 I am currently doing both, I have about 30% of our portfolio managed by an advisor and the rest managed by me. Until the recent income trust debacle the portion of the portfolio managed by me always (since 2003, when I started managing a separate portfolio) out-performed the advisor managed portfolio. My plan is to eventually move all the assets out of the advised portfolio. Personally I think it is very possible to do well managing your own portfolio but you have to understand what you are doing. You have to understand what a balanced portfolio means, how much risk you are taking in the positions in your portfolio and you need to have clear long and short term goals for your portfolio so you don't just chase the hot sectors of the month... I am currently doing both, I have about 30% of our portfolio managed by an advisor and the rest managed by me. Until the recent income trust debacle the portion of the portfolio managed by me always (since 2003, when I started managing a separate portfolio) out-performed the advisor managed portfolio. My plan is to eventually move all the assets out of the advised portfolio. Personally I think it is very possible to do well managing your own portfolio but you have to understand what you are doing. You have to understand what a balanced portfolio means, how much risk you are taking in the positions in your portfolio and you need to have clear long and short term goals for your portfolio so you don’t just chase the hot sectors of the month…

]]> By: Ralph Morgan http://www.investingintelligently.com/2006/11/30/should-i-go-it-alone/#comment-3333 Ralph Morgan Fri, 01 Dec 2006 08:11:21 +0000 http://www.investingintelligently.com/2006/11/30/should-i-go-it-alone/#comment-3333 I depends ;) If you think you are ready, and think you can apply the required self-control to stick to your plan, then it's probably worth having a go at DIY. At least you'll find out after a year if DIY is for you, and, provided you exert some self-control and don't deviate too far from what you currently have in place, you should't do yourself too much fiscal harm - think of it as the cost of learning. Regards http://enoughwealth.blogspot.com I depends ;)

If you think you are ready, and think you can apply the required self-control to stick to your plan, then it’s probably worth having a go at DIY. At least you’ll find out after a year if DIY is for you, and, provided you exert some self-control and don’t deviate too far from what you currently have in place, you should’t do yourself too much fiscal harm - think of it as the cost of learning.

Regards
http://enoughwealth.blogspot.com

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