Invest on My Own: Article

Should I Invest on my Own?

There are multiple opportunities for you to invest on your own in the form of trading platforms that cater to individual investors. Many publications and individuals in the popular media are dedicated to those individuals who want to invest on their own, rather than utilizing a Financial Advisor.

The key to consider in making a decision to invest on your own lies in your willingness to do the tasks necessary to create opportunity to be a successful investor.

These tasks include:

  • Paperwork – accurately completing paperwork and making sure the account is set up to best meet your needs from a tax and account registration standpoint.
  • Research – reviewing many different investments and discerning through your research which products may meet your needs based on your risk tolerance, income needs and time horizon.
  • Staying current with the market – financial markets will fluctuate and you should have a basic understanding of what is driving the markets and how market conditions are likely to affect your investments.
  • Adjusting your account – making changes in your investment selections, or how your account is set up in your trading platform to reflect your needs for the future.

If you are comfortable in completing the tasks necessary to create opportunity to be a successful investor, investing on your own might be appropriate for you. If not, you would be well served to find a Financial Advisor with whom you are comfortable and can develop a long term working relationship.

If you would like to meet the Mill City Investment Services Financial Advisors located at Mill City Credit Union, please contact Thomas Walker, ChFC at 763-764-6963 or Brad Palmersheim at 763-764-6948 to review your personal situation with a Financial Advisor dedicated to the members of Mill City Credit Union.

Neither Cetera Advisor Networks LLC nor any of its representatives or agents give legal or tax advice. For complete details, check with your tax consultant or attorney. Mill City Investment Services is located at Mill City Credit Union, 9999 Wayzata Boulevard, Minnetonka MN 55305, 763-764-6900. Brad Palmersheim and Tom Walker are Registered Representatives of and offer securities and investment advisory services through Cetera Advisor Networks LLC, member FINRA/SIPC. Cetera is under separate ownership from any other named entity..