Do-it-yourself stock picking for 1st-time small investors
Ever more South African small investors are choosing to build and manage their share portfolios in an attempt to pay less in fees and to take back control.
What DIY investors must consider:
The value of stocks is volatile. Whatever you buy must form part of a well-diversified portfolio, built with a long-term view.
Be realistic about your abilities. You need to be able to do analysis and risk management, and you need to stay cool and calm when markets inevitably go boom or bust.
You need to consider whether you really want to invest directly, or if you’d instead want to go with a managed option such as Exchange Traded Note (ETN) or Exchange Traded Fund (ETF).
Strydom spoke about DIY stock picking and the dangers of doing so.
For more detail listen to the interview in the audio below.
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