From the course: Developing Investment Acumen
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Self-directed or managed account?
From the course: Developing Investment Acumen
Self-directed or managed account?
- There's an old joke on Wall Street. We take your money and our experience and turn it into our money and your experience. The days of having to blindly trust a Wall Street type are thankfully over. I'm not saying that people on Wall Street are all bad, but there are other ways that you can get into investing. They vary depending on how much effort you want to put in. Options range from doing it all yourself to giving full control to someone else to make investing decisions for you. So let's look at the different ways you can invest and see which one might be right for you. First, let's look at the hands-off way to invest. If you're new to investing or don't have the time or inclination to do it, you might want someone else to make your investing decisions for you. This is generally done through a financial planner or an investment advisor. If you want an advisor, make sure of a few things. Ensure your advisor has industry certification, but more importantly, make sure he or she is a…
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