The Biggest DIY Investing Mistakes (And How To Avoid Them)

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DIY investing can be a powerful way to build wealth—but even experienced investors can make costly portfolio mistakes. Brian and Bo break down 7 common investing mistakes, including overlapping index funds and ETFs, poor asset location between Roth IRAs, 401(k)s and brokerage accounts, taking the wrong amount of investment risk, forgotten retirement accounts, outdated beneficiaries and trying to time the stock market. You’ll learn how diversification, tax-efficient investing, portfolio rebalancing, dollar-cost averaging and smarter retirement planning can help you build a more intentional investment strategy—and how to recognize when your financial life may be getting too complex to manage alone.

Timestamps
00:00:00 The Biggest Mistakes DIY Investors Make
00:03:39 Mistake #1: Too Many Overlapping Funds
00:06:45 Mistake #2: Using the Wrong Investment Accounts
00:07:32 Why Asset Location Can Change Your Returns
00:12:42 Mistake #3: Taking the Wrong Amount of Risk
00:16:27 How and When to Rebalance Your Portfolio
00:17:47 Mistake #4: Forgetting Your Beneficiaries
00:20:43 Mistake #5: Losing Track of Investments
00:23:17 What to Do With Old 401(k)s
00:24:45 Mistake #6: Trying to Time the Market
00:29:20 Why You Should “Always Be Buying”
00:31:20 Mistake #7: Staying DIY for Too Long
00:32:26 When a Financial Advisor May Make Sense

🔗 Financial Order of Operations → https://moneyguy.com/guide/foo/
🔗 Ultimate Guide to Investing → https://moneyguy.com/guide/investing/
🔗 Got An Old 401(k)? → https://moneyguy.com/resource/got-an-old-401k/
🔗 401(k) Ultimate Guide → https://moneyguy.com/guide/401k/
🔗 8 Questions to Ask Your Financial Advisor → https://moneyguy.com/resource/8-questions-to-ask-your-financial-advisor/

🎓 Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) share professional insights to help you own your financial future.

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