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DIY Investing Part II

 Here is what I have written earlier about DIY (Do It Yourself) investing. The key point here was what a professional delivers to an investing program and if one can replicate these, DIY is the way to go.

This post will make it even simpler if you are in dilemma whether to be a DIY (Do It Yourself) investor or take some professional help. If I have to narrow down to single most important factor to be a success as DIY investor, it boils down to one simple thing – one’s nature, which essentially means:

                Are You A “Natural DIYer” In Your Other Walks Of Life?

A true DIYer will find a way to learn the ropes. Google will off course help, and so will some excellent books written on the topic. Though the biggest learning will come by doing, as is with most of other situations. This requires patience and resilience as one will make mistakes on the way. A natural DIYer will take these mistakes as part of learning process and the cost (losing money on the way) as tution fee for knowledge – he or she knows this from DIY efforts in other walks of like. Making mistakes and trying again has become a way of life for such a person.

On the contrary, it is more than likely for a person who is trying being a DIY investor without being a “natural DIYer” to falter on the way. Making mistakes in investing is losing money, at least notionally and sometimes lot of it. Getting back from the same and trying again will be very difficult for a person who is not used to handling the disappointments of failure. More so when real money is at stake.

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