The loneliness of the DIY investor, why CIBC is the bank stock to own for 2020, and a skeptic’s guide to gold GlobeInvestor
Avoid investment advisers offering second opinions – they tend to use this type of interaction as a come-on for attracting clients. You’re unlikely to get an objective analysis of your DIY portfolio from someone who makes a living by managing investments for people.
Here’s another thought if you’re investing on your own and feeling lost: Try a balanced exchange-traded fund, also known as an asset allocation ETF. The reader asking about bonds for her portfolio put me in mind of this option. Balanced ETFs hold various blends of underlying stock and bond funds. Just pick the right mix for your needs – income, growth, balanced or conservative – and you’re done. There is no need to worry about which bonds to hold because a widely diversified bond ETF is part of the mix. Balanced ETFs provide continuous rebalancing so your bond weighting remains just where you want it.
Balanced ETFs are an ideal product for the rookie DIY investor with doubts. You can hold one with complete confidence that you are owning a low-cost, well-built portfolio. If you choose to build a portfolio with stocks or funds you’ve chosen, you can migrate from the balanced ETF with ease. Second opinions can be worth the money if they help you build a better portfolio. But a balanced ETF might be what you really need.This is the Globe Investor newsletter, published three times each week. If someone has forwarded this e-mail newsletter to you or you’re reading this on the web, you can sign up for the newsletter and others on our
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