Do It Yourself (DIY) investing involves risk and accountability, says a bulletin by OBSI, Canada's banking and investing ombudsman.
When investors decide to invest without an advisor, they save on the fees that an advisor would charge. But they also accept the responsibility and risks involved in making their own investing decisions.
It is important to remember that anyone is vulnerable to losing money if they:
-- Invest on their own without adequate investing knowledge,
-- Do not stay informed about their investments and the market,
-- Or use complex investing strategies without understanding the limitations and potential risks of these strategies.
OBSI has released a bulletin to inform investors of what can happen when things go wrong with DIY investing. It shares details of three types of risks to be aware of, based on its recent case experience. I find the bulletin informative and well worth reading.
When investors decide to invest without an advisor, they save on the fees that an advisor would charge. But they also accept the responsibility and risks involved in making their own investing decisions.
It is important to remember that anyone is vulnerable to losing money if they:
-- Invest on their own without adequate investing knowledge,
-- Do not stay informed about their investments and the market,
-- Or use complex investing strategies without understanding the limitations and potential risks of these strategies.
OBSI has released a bulletin to inform investors of what can happen when things go wrong with DIY investing. It shares details of three types of risks to be aware of, based on its recent case experience. I find the bulletin informative and well worth reading.