If you think that you don’t need to make a fuss about your money because you’re not exactly wealthy, well think again. Not just because you are not one of those big-time businessmen or entrepreneurs means that managing your hard-earned money should not be in your mind. Small-time investors should be just as keen on handling their finances, no matter how measly or unimpressive.
The book, “DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth,” deals with this and goes to lengths to equip the individual investor with the relevant tools and information to become money smart in their chosen investment.
The fact of the matter is these individual investors have the edge over institutional investors in that they have the opportunity of making the most of long-term investment decisions without having to be afraid of incentives that are misaligned.
The book is an important piece of financial literacy as it implores its readers that there is no need to subscribe to self-proclaimed experts to become a well-rounded investor.
Authors, Wesley R. Gray and Jack R. Vogel, had been able to provide an effective outline of strategies for investments that would see the reduced fees, minimized taxes, and measures by which fears and other psychological traps may be avoided when investing.
The book is empowering in that the authors teach its readers how to directly control their investment portfolios and implement quantitative models well on their own.
About the Authors
Wesley R. Gray had served his country through the Marine Corps before getting a Ph.D. in Behavioural Finance. He then became a professor of Finance that ultimately led him to establish Alpha Architect. Dr. Gray is a published author with three books under his belt: “EMBEDDED: A Marine Corps Adviser Inside the Iraqi Army,” “QUANTITATIVE VALUE: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors,” and “DIY FINANCIAL ADVISOR: A Simple Solution to Build and Protect Your Wealth.”
Dr. Jack Vogel handles a multi-faceted post at Alpha Architect. He is co-CIO, CFO, and managing member. He also has quantitative asset management and consulting firm that cater to high net worth family offices. Dr. Vogel has experience as an instructor and research assistant for the Finance and Mathematical Department at Drexel University.