8 Steps to Being a Great DIY Investor with Clint Haynes
Investing can be intimidating, but there are some simple basic steps that can put anyone on the path to success. NextGen Wealth founder Clint Haynes CFP® walks us through 8 steps to get started investing, including how to decide how long to own a stock, if and when you should pay fees, which stocks make sense with your goals, and how to understand the role emotions can play in our investment decisions.
8 Steps to Becoming a Great DIY Investor
Understand How to Invest for the Timeframe for Each Goal
Understand the Role Your Emotions Play in Investing
Your Investments Will Lose Money on Average Every 3-5 Years
Each Goal Should Have Its Own Specific Portfolio/Bucket
Rebalance Your Portfolio(s) at Least Annually
Choose Investments with Low Fees and Expenses
Don’t Reinvent the Wheel When Creating Your Own Portfolio(s)
Monitor Your Investments Quarterly to Annually
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