Being a DIY investor will mean different things to different people. If you are just starting out DIY investing might mean learning to buy shares, a listed investment company or an exchange traded or managed fund yourself through an online broking platform like Commsec or nabtrade. This video takes an indepth look at what it takes to be a successful DIY investor managing a portfolio over the long term.
Your path to DIY might be somewhere between the two. Remember, you can get started as a DIY investor with a simple approach which means you may not need huge amounts of time or expertise but whatever investing path you choose, ASA recommends you do what you can to educate yourself to be an informed investor.
DIY investing can be a rewarding and financially savvy approach if you are interested and have the time. See what is involved and pick up some tips on the financial advice process if that is the way you decide to go.