Expat Money Blueprint:

Video four

Do-it-yourself or use a financial advisor?

Today I talk about whether you should DIY or find a financial advisor

There's no right or wrong answer – it all depends on your personality and your financial situation.

For example, if you have an interest in personal finance, like the idea of managing your own money and don’t mind doing a bit of spreadsheet work now and then, then the DIY approach might be suitable.

However, if you’ve got substantial sums to invest, or are not confident in navigating your way through investment platforms then maybe it makes sense to find a financial advisor.

Whichever route you take I think you should always have a grasp of the basics that I’ve covered: that is: how much you need to retire, how much your current investments are likely to provide, and how much you need to save per month.

Now I personally don’t think it takes too much time and effort to go down the DIY route – most people just need a bit of guidance which is what I’m trying to provide with The Investing Coach.  But the next few emails I send you will help clarify for you what the best route is.

Just a quick word of warning.  Not all expat financial advisors are the same – so if you are thinking of going down that route then wait for my next few emails so you go in with your eyes wide open.

A large majority of advisors get paid massive commissions to lock your money away in 20-25 year wrappers.  You don’t need this.


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