Strategy About Resources Contact Client Center 7 Reasons to Stop DIY Investing and Hire a Financial Advisor Are you frustrated with the level of growth you experience when you attempt to invest on your own? Do you feel left out when your friends or coworkers talk about how much money they are making in the market while the value of your portfolio barely budges? If the answer is yes, it is probably a good time for you to take the next step in investing journey and ditch DIY investing by finally hiring a professional. A good financial advisor can bring your portfolio to a higher level. 7 Real Reasons Why You Need to Hire a Financial Advisor A financial advisor can help you avoid the many pitfalls of DIY investing, including: 1. Removing the Urge to Trade on Emotions You’ve probably become more than a little emotional when you think about your money. And when it comes to investing, listening to these emotions more often than not can end disastrously. It takes a particular type of person to be able to put aside feelings and make the right decision every time. A financial advisor is free of any emotional attachments and is able to choose whatever action is best for your wallet. 2. Failing to Employ a Disciplined Process Hunches and tips rarely work out in the long run, but choosing and sticking to a proven investment strategy does. Your financial advisor has years of investment experience to use as a guide, and will never risk your money over a gut feeling or a rumor. 3. Avoiding Rebalancing a Portfolio Selling a well-performing asset to buy another financial instrument which is underperforming is crazy, right? Well, not if you know what you are doing. Most DIY investors are reluctant to make such seemingly counter-productive moves, but the pros know when it makes sense to take the risk. 4. Putting All Your Eggs in One Basket The old adage, ”Only invest in what you know,” is good advice, but if you don’t have experience with several types of financial assets, your portfolio probably isn’t diverse enough to offer you very much stability. A good financial advisor will make sure that your investment strategy is well diversified to minimize down markets. 5. Selling When the Market Gets Scary The market is down for the second week in a row, and the value of your portfolio is dropping like a stone. Are you going to have the guts to stick to with your investment system? Most DIY investors don’t and wind up not only selling their investments for a loss but missing out on the very lucrative rebound. Financial advisors don’t get scared by adverse market conditions, so, their clients are in the market to take advantage of the rebound. 6. Trying to Call Tops and Bottoms You have heard it a thousand times, “Buy low, sell high,” but attempting to call the tops and bottoms of a volatile market can cause you to lose out on a lot of profit. A professional investor knows that being afraid to pull the trigger on a trade because the fear of getting every cent from a trade is silly as long as you can catch the majority of the trend. 7. Sleepless Nights Investing on your own is stressful. If the market is up, you are worried whether you should ride the wave as long as possible or take your profit now. But if the market is down, it is even worse. You are terrified your investments will never recover. Why do that to yourself? Do your due diligence, hire the best financial advisor you can, and rest easy. Why make investing harder than it has to be? Take your life back and build a stronger portfolio by speaking with a financial advisor today. This content is developed from sources believed to be providing accurate information, and provided by the Wealth Strategies Group and Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult financial, legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Share on FacebookShare on TwitterShare on Linkedin Related Posts 5 Signs it Might be Time to Move Your Investments Making sure your investments are doing well can be a challenge, especially if you don’t like how they have been performing, or other things that may be going on in the background. If you’re feeling uneasy, it may be time to take a second look at what’s going on and make some. Common Financial Mistakes High Net Worth Real Estate Investors Make High net worth individuals (HNWI) is a classification used by the financial services industry to denote an individual or a family with liquid assets above a certain figure. Although there is no exact number, high net worth is generally referred to as those who have liquid assets of $1 million or more.. How Your Financial Advisor Can Help You Prepare for Tax Season While not all financial advisors are CPAs (Certified Public Accountants) and thus may not be responsible for the filing and handling of your taxes, they can help you make strategic financial decisions throughout the year that can result in a reduced tax burden. Just keep in mind that many of the strategies. Schedule an Appointment with the Wealth Strategies Group today SCHEDULE NOW (888) 848-4144 17011 Beach Blvd, Suite 150 Huntington Beach, CA 92647 2264 Fair Oaks Blvd, Suite 201 Sacramento, CA 95825 Certified Financial Planner Board of Standards Inc. 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