It’s easy to feel like investment advice is worthwhile when you hear a talking head screaming it your direction on the evening news. So how do develop a good investment strategy — and can you really trust what you hear in the media?
In today’s episode of Your Money Minute with Tracy Stewart, CPA, I want to discuss why you should resolve to do more homework on your investment strategy this year.
Sure, doing nothing seems easy… But it’s bound to get you into a lot of trouble. The “anti-New Year’s resolution” would be to take the free advice on the evening news and follow whatever talking head investment guru says is the best bet. But one size fits all almost always ends up to be one size fits none. Remember that.
If you’re confident, knowledgeable and willing to take the risk, you can certainly do your own investing. But buyer beware… This can get really ugly, really fast.
My advice: Talk with an investment advisor. This. is. their. job! They’ll look at your unique circumstances and goals — and devise a strategy that makes sense for YOU. (And no way that talking head even has your situation on their mind as they’re barking and bellowing away.)
Here’s some additional reading on what to consider when searching for the right investment advisor for you:
- Buyer Beware: Tips for choosing a financial advisor
- How do I find the best financial advisor for me?
- How to interview a financial advisor
Financial independence is unbelievably liberating. Take investing seriously by enlisting the expertise of an investment advisor who knows their stuff. Have peace of mind knowing you have the best advice at your disposal.
Remember: You can subscribe to my YouTube channel for even more practical advice on making the most of your money and life in the next episode of Your Money Minute.