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This is really the “golden age” for self-directed investors. At Barchart.com, information is everywhere, affordable, and at our fingertips. If you’re waiting for a “but” there, here it is: With all that information, overload is more likely than ever. And with overload comes a real risk of making mistakes. Big ones.
There was a time when people leaned on professional advisors. Many still do, for a host of great reasons. But for those who in whole or in part choose to chart their own path when it comes to what to buy and sell, and when, there’s another step that is easy to ignore.