Episode 24 ⋅ 12th October 2021

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. 

Overview: 

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.

What's in the episode?

In this episode, Cat and Christine dive how should you be tackling investing as a DIY investor. They run you through the 5 Ds of DIY investing that everyone, no matter how experienced, should know about. 

Specifically, we cover:

  • 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. 
 

Great resources mentioned on the podcast are: 

  1. Investing 101 episode
  2. Investing 102 episode
  3. The DD checklist
  4. Some simple tips on market falls
  5. Our financial adviser tips were from Kalé Emery of the Money Men
Guests

Featuring on today's podcast are your hosts, Cat and Christine.

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