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The Hidden Cost of DIY Investing

Doing your own investing has never been easier. The tools are accessible. The fees are low. The online resources are endless. But there’s one cost that often gets ignored: peace of mind.

1. Confidence Feels Easy in Good Times

When markets are calm and rising, it’s easy to feel in control. A few smart moves can build a lot of confidence. But the real test isn’t how you behave when things go well, it’s how you react when they don’t. Markets always fluctuate. And when they do, DIY investors can find themselves second-guessing their decisions.

2. When You’re Your Own Advisor, Emotions Matter

Most people don’t make decisions based on spreadsheets, they make them based on feelings.

In those moments, it’s hard to think clearly. That’s where advice makes the biggest difference. Not in picking stocks, but in helping you stay grounded when your instincts are pulling you off course.

3. Technology Is Smart, But It Doesn’t Know You

Many DIY investors rely on algorithms and automation. These tools are impressive. They can rebalance your portfolio, minimize taxes, and make your dashboard look great. But they can’t have a conversation with you.

They can’t remind you of your goals. They can’t challenge your assumptions. They can’t keep you from making a fear-based move you’ll regret later. Smart tools are helpful. But they’re not a substitute for thoughtful guidance.

4. Mistakes Add Up Quietly

DIY investors often fall into patterns they don’t notice until it’s too late:

Each decision might seem minor in the moment. But over time, small mistakes can snowball into big setbacks.

5. Advice Isn’t About Transactions. It’s About Outcomes

The value of advice isn’t just in what you do, it’s in what you avoid. It’s about:

Advisors don’t just build portfolios. They build frameworks for making better choices, even in uncertain times.

The Bottom Line

If you enjoy managing your investments, have a clear plan, and sleep well regardless of market swings… you may be just fine on your own.

But if you find yourself feeling anxious, stuck, or unsure about what to do next, it might be worth getting another set of eyes on your plan.

Control is good. But confidence is better. And confidence tends to sleep a lot more soundly.

Material prepared by Oechsli a third party non-affiliated with Raymond James.

Any opinions are those of Steven Bayardelle or The Wang Group and not necessarily those of RJA or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy selected. You should discuss any tax or legal matters with the appropriate professional.

Investors should consider the investment objectives, risks, charges and expenses of an exchange traded product carefully before investing. The prospectus contains this and other information and should be read carefully before investing. The prospectus is available from your investment professional.

The examples referenced herein are hypothetical and are not intended as investment advice. Please consult with your financial advisor if you have questions about these examples and how they relate to your own financial situation.

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

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