Top Tools for Income Investing to Use On Your Own

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We know that we’re part of a generation of DIY (do-it-yourself) investors who want to make decisions on their own and only utilize the services of an advisor when they have questions or need support. Many Americans want to be in charge of their money.

 

With that in mind, we’ve released a special short book to help guide you on what to expect when it comes to income investing. Whether you choose to invest on your own or meet with an advisor for basic advice, this book was written to help DIY investors like you understand some of the fundamentals in income investing.

 

But before we talk about the book, here’s some things to know:

 

About DIY Investing

1. Do research often. As a DIY investor, it’s important to keep up with what’s going on in the market. This may include financial trends, economic trends, or global trends.

2. Make sure you’re comfortable with numbers. You don’t need to be a financial genius if you’re managing some of your own investments, but you do need to be very clear on the terminology and the options you have on how you manage your portfolio. You can always seek out free courses on financial management to get you started or to help you understand new concepts.

3. Know your limits. Make sure you feel confident in whatever approach you take to investing. As a rule of thumb, you’ll likely want to have a diverse portfolio, but you will need to make sure you are scheduling time to keep an eye on your portfolio and actively manage it. If you feel uncomfortable at any point, you may need to ask for help.

4. Seek advice when you need to. Today, there are a ton of free or low-cost resources that will give you the ability to seek advice without commitment. When you have specific questions about your financial situation, contact an advisor who can give you sound and objective advice. If you’re unsure of where to begin, ask for a referral from a friend or associate you trust or visit a directory like NAPFA that will provide a profile of advisors in your area.

 

About the Book

In the book we outline 4 tools (and a few extras) that can put you on the fast track to an investment portfolio that will be rewarding to you and your loved ones as you approach retirement.

 

This book is available on our website until early August 2014, download your copy today. And post your comments below, we’d love to know what you think!

 

For the DIY Investor: Four Income Investing Tools

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