Why The Best Person To Manage Your Money Is You
Self-Reliance is the Quickest Path to Financial Freedom
When I tell people that self-reliance is the quickest path to achieve financial freedom when it comes to investing, many people look at me like I’m crazy. In fact, I know a lot of people that told me they handed their money over to a firm after trying to manage their own portfolio and sustaining significant losses. But every person that had unsatisfactory results took the plunge without adequate preparation. They listened to the pundits on MSNBC, watched the Bloomberg Report, and read the Wall Street Journal and thought that they were sufficiently knowledgeable then to be great stock pickers.
They failed to seek out and truly learn how to invest properly and then failed to develop any type of investment system. Of course they were going to fail. Yet learning how to invest and make significant returns upward of 20% to 25% a year is not difficult at all.
It’s either wrong choices about learning the wrong investment systems or laziness that causes the overwhelming majority of do-it-yourselfers to fail. But it doesn’t need to be that...