Trap #3 Trying to do everything on his/her own

Quick Points

• Successful Do-It-Yourself investing requires knowledge. While buying stock may be easy enough that a baby can do it, knowing how to invest is much more complex.
• If you are not willing to spend a large portion of your time studying finance and economics, it is better to hire someone else to do it.
• Financial success is a team activity that includes members such as the financial advisor, accountant, and lawyer. These interests and advice need to be aligned.

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