Are you a DIY Investor?
Since 1984, Dalbar Inc has published their annual “Qualitative Analysis of Investor Behavior” report.
Since that time, the report has shown that DIY investors managing their own accounts consistently underperform the mutual funds in which they invest.
DIY investors have insufficient knowledge of what they’re investing in.
Whether you’re investing in strategies or assets, you have to spend time learning about the investment. Sounds easy, but losses in complex strategies and volatile vehicles are testimony to the fact that many don’t research before they invest.
Most DIY investors cannot devote all of their time to their investments, yet the 24-hour investment and news cycle demands such attention.
And, the demands of every day life get in the way of the necessary time investment.
So much for not wanting to pay a financial advisor a fee for their services.
With an annualized underperformance, some average investors are better off being less active – or working with a professional financial advisor.
Ready for help from an investment advisor?
About Forman Investment Services
If you are not familiar with us, Forman Investment Services is an independent practice located in Columbus, Indiana focusing on Family Wealth Management and generational planning. We serve clients not just locally, but across the country and globe. In today’s day and age, especially after experiencing COVID, we are very comfortable communicating from any distance whether it be in person, a Zoom call, or by phone. We confidently adapt to our clients lives and unique relationship in the style of communication and complexity.
Our planning encompasses much more than choosing investments, as we must consider tax/estate planning, education funding, insurance, retirement planning, and so much more. We work with a select group of clients who value time, family, and recreation, and need today’s investment, tax, and estate planning complexities coordinated for them. We also provide one-time plans to those that are not in need of an ongoing advisor relationship yet to help get you on the right track.
Reach out to us for an introduction if you are interested in learning more!
Any opinions are those of Forman Investment Services and not necessarily those of Raymond James. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional. Prior to making an investment decision, please consult with your financial advisor about your individual situation.
Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.