When it Pays to Call in the Experts

Editor's Views: It's never been easier to go it alone with investing, but there are times when you need expert help

Holly Black 14 May, 2021 | 11:06AM
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Just because you can do something yourself, it doesn’t mean you should. There are an awful lot of things I could do – jumping out of a plane, abseiling down a cliff, putting up wallpaper – but it’s likely that none of these would end well (not to mention the fact I don’t want to do any of these things).

In recent years, DIY investing has become cheaper, easier and more accessible than it has ever been before. But with that it has become normalised, creating a fallacy that everyone should be looking after their own investment portfolios and handling the complexities of asset allocation without any help. And this creates the very real danger that many people will try to get by because they think they should and because they fear seeking help will be too expensive. 

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

 

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