Following the market, calculating value, and understand tax consequences of investments is not easy! For the best strategy, consult a financial advisor.

Think You Can Invest On Your Own Without Advice? Think Again

If you are considering creating your own investment strategy, you may want to think twice. Many avoid financial advisors because they are concerned about the cost, but your potential investments mistakes may just end up costing you a lot more. Below, you will find a number of reasons why you should consult a financial and investment advisor instead of doing it yourself.

1. Trends Are Hard to Read:

Though you can get real time statistics online, or read all about trends in the Wall Street Journal, deciphering these facts and figures is a full time job. When a particular stock is trending (or failing), only a financial advisor can give you a legitimate outlook of the future of that potential investment. If your are a lawyer, doctor, or school teacher, your daily focus is on a differ path, but it is the sole job of an investment advisor to study and digest the continuous statistics, information, and trends that make up a market analysis. You wouldn’t want your investment advisor doing surgery, so don’t be the doctor who tries to invest on his or her own.

2. Humans Follow Hunches:

No matter how hard you try to resist them, you will eventually give in to your emotions. Have you ever had a good feeling about one particular slot machine at the casino? If your answer is yes (and I’m sure it is), then you will also see yourself feeling that way about investment options. But remember, this isn’t a one-night gambling event, it is your financial future. An investment advisor removes the urge to act on hunches and will help you make decisions based on solid, quality information and predictions, based on market analysis and years of dedicated experience.

3. Math May Not Be Your Strong Suit:

If you ever sat in a high school math class and wondered when you will ever use this again, well, you’ve found your answer. To truly understand the impact of your past (and future) financial choices, some work with numbers will be required. At the very least, you will also need to be able to calculate present value and future value when considering investment options.

4. Tracking Success (or Failure) is Difficult:

Self-investors often push a bad choice out of their mind and make much more of successful choices. While this may be beneficial to your temporary sanity, it could not be more detrimental to your long-term financial health. Only a financial advisor can give you a full, unbiased look at your financial analysis. From this, he or she can make the necessary recommendations to put you on the path to a healthy financial future.

If you are looking for a partner in your financial or investment planning, please contact Lowery Thomas, LLC today.