24. What Do I Need to Know As a DIY Investor?

The last 18 months has driven thousands of Kiwis to take an interest in investing through online platforms. So, how should you be tackling investing as a DIY investor? There’s more to it than meme stocks, FOMO and the S&P 500 right? Correct. Today we run through the 5 Ds of DIY investing that everyone, no matter how experienced, should know about. In case you missed it, last week was World Investor Week, a global campaign to raise awareness of investor education and protection. And we’re all about it! The theme this year shines a light on the thousands of Kiwis who have recently taken an interest in investing through online platforms but have ultimately been driven by FOMO. Which isn’t the best of investment motivations. In this episode, we chat about: What is DIY investing How can investor can do their due diligence Our easy due diligence checklist to follow Drip feeding investments How and why auto invest or dollar cost averaging is a good thing Investing a lump sum versus smaller regular amounts How do we know what are good financial benchmarks to compare ourselves against? Diversification and what this looks like when you’re a DIY investor How much is too much diversification What to do when a market declines How not to panic sell The difference between paper losses and crystallised losses When to talk to a financial adviser and what 5 key questions should you ask them …And there’s lots more goodness in there, so get listening now. If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz