Should I be my own doctor?
If you had an option, you could go to a part time junior doctor under going training and ask him to do a surgery on you.
Or you could go to a trusted experienced surgeon who has seen 1000s of patients and have been doing this for the past 15yrs and could immediately understand your problem, get a diagnosis and help you to draft a treatment plan.
Which will you prefer?
When it comes to family wealth planning and investing, you might unknowingly be doing the same.
We have seen consumers trying to DIY. They take an approach where they try to read the markets, trends, study companies and grow their wealth, protect their income, family and do all this part time whilst they are busy working in their main job.
At best, after all your effort you put in as a consumer, you become a part time surgeon with minimal experience to speak of.
Would you be confident to allow yourself to be operated by this part time surgeon, who does not have enough experience seeing enough patients to operate on you?
If you do not, please instead spend time to interview and look for a trusted advisor whom you can journey with on the long term and provide holistic financial advice.
It saves you lots of time, money and emotional pain. All that time and energy can be then converted to spend time with your loved ones and fill it up with your passions in life that are important to you.
Go and spend your time to live a life of possibilities!