From the course: Managing Your Personal Investments

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Managing your investments

Managing your investments

From the course: Managing Your Personal Investments

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Managing your investments

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- There's never been a better time to build your own investment portfolio at low or no cost. However, there's a far greater cost involved in investing than fees or cost per trade, it's the cost of not knowing what you're doing and letting fear or emotions drive your decisions. So, what does do it yourself mean? The official financial industry term is retail investors. It doesn't mean that we buy retail stocks, it means we're buying ourselves through a broker. Think of the different asset classes, from real estate to bonds or art to funds. Most investments that you buy have a middle person involved, a broker. And stocks, bonds, funds, and cash equivalents are no different. Even if you're buying and selling yourself, you generally can't go direct to your local stock exchange and buy. For retail investors, the most inexpensive route to market is through a retail broker, like Schwab, or TradeKing in the US. Or Saxo in…

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