At Intelligent Investing Advisors, we often delve into discussions about the intricacies of financial planning, wealth management, and investment strategies. Recently, we had the opportunity to sit down with Rob Isbitts, a seasoned investment expert, to explore the realm of do-it-yourself (DIY) investing.
Recognizing the Value of Professional Guidance
In our dialogue, Rob drew parallels between DIY investing and everyday tasks like lawn care or tax preparation. While there’s merit in autonomy, he stressed the point where outsourcing to professionals can yield superior outcomes. Recognizing when professional guidance is essential, especially in finance’s complexity, becomes paramount.
Rob illuminated the mindset of the DIY investor, who may view financial advisors as sales-oriented rather than focused on client welfare. While autonomy is admirable, he cautioned against navigating the financial landscape solo. Developing a robust investment philosophy and seeking guidance on non-investment aspects are crucial steps for DIY investors.
Establishing an Investment Philosophy
Emphasizing the cornerstone of successful investing, Rob highlighted the significance of a well-defined investment philosophy. Articulating beliefs and principles guides decision-making amidst market fluctuations. At Intelligent Investing Advisors, we align with Rob’s stance, emphasizing values and goals alignment in our investment strategies.
Rob stressed the importance of combating behavioral biases in today’s information-rich investment environment. At Intelligent Investing Advisors, we acknowledge behavioral finance’s impact on outcomes and empower clients to make informed decisions grounded in sound financial principles.
As the debate between DIY investing and professional guidance persists, Intelligent Investing Advisors stands firm in empowering clients with knowledge and tools for informed decisions. Whether seasoned or new investors, we offer tailored guidance for each unique financial journey. Let’s navigate the markets together, one informed decision at a time.
Rob Isbitts Bio
Rob Isbitts, the founder of ETFYourself.com, is a seasoned investment expert renowned for his role as a serial myth-buster and educator in the finance industry. With 30 years of professional investment experience, he transitioned from a Wall Street grunt to a fiduciary advisor for nearly three decades. Notably, he sold his advisory practice and “retired” in 2020 at 56, only to enter a “10-year, no-cut contract” to provide model portfolio services. In 2020, he founded Sungarden Investment Publishing, followed by ETFYourself.com in 2023. Rob has authored over 1,000 articles for esteemed platforms like etf.com, Forbes, and Marketwatch, and is a frequent guest on podcasts. He’s recognized as a straight-talker, fair-play advocate, and champion of diversity in investing, with accolades including three-time mutual fund manager, author, and honoree in Worth Magazine’s “Top 100 U.S. Wealth Advisors” list. His wife, Dana Isbitts, plays a pivotal role in managing their ventures.