investing

5 key tips for self-directed investors

5 key tips for self-directed investors
5 key tips for self-directed investors © Monkey Business Images/Shutterstock.com

When Jeffrey Krein, a Bucks County, Pa.-based retired professional photographer, gets sick, he sees a physician. If his tooth aches, he sees a dentist. But when it comes to his money, Krein masterminds all of his investments.

He read a book on stocks and opted to invest in a balanced portfolio of large-cap stocks and real estate investment trusts, or REITs, which have done well over the years. He declined to hire a financial adviser and fork over 1 percent of his assets. After the Bernie Madoff fiasco, he wasn't sure he could trust anyone.

But when people who have no degree in finance or little experience in investing assume control of their finances, what are the key things they must do? And what are the risks to avoid?

Following are five tips for self-directed investors.

advertisement

          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

CDs and Investment

How do I repay IRA loan?

Dear Dr. Don, Hello, I read your column about short-term, 60-day loans from an individual retirement account. How do you withdraw funds from an IRA? Can a person redeposit the funds back into the same IRA? Or can the money... Read more

advertisement

Blog

Sheyna Steiner

Investing is a sticky wicket in 401(k)s

Nearly a quarter of workers offered a 401(k) plan in 2013 didn't save any money. Plan sponsors think confusion about saving and investing could be to blame.  ... Read more

Partner Center
advertisement

Connect with us