Should I Invest On My Own Or Use A Professional Advisor?
DONE
To help answer the question, the following chart provides an overview of the differences between investing on your own and using a professional advisor.
Subject Do-It-Yourself Using An Advisor
Control over financial and investment planning | Total | As much or as little as you want |
Fees | Minimal, with use of discount brokerage such as e-trade or schwab. | Can be extensive and, if you're not careful, fees can be excessive. |
Satisfaction/fulfillment | Can be enjoyable. | Less stress |
Risk of Loss | Can be great due to inexperience or lack of immediate knowledge | Can obtain sound financial and investment planning from an expert who works at making investment |
"Value Added" services | None | Generally includes portfolio management, administration, and research |