As the economy struggles to regain its footing, cutting costs has become a national pastime. If you've been paying a financial adviser to manage your money, you might be tempted to do it yourself.
While managing your investments will save you money in the near term, is it worth it in the long run? It depends on what kind of investor you are.
Online brokerage accounts have made it easy to buy stocks, bonds, mutual funds and exchange traded funds cheaply. Firms such as
"Investors need to know a lot about themselves and where they want to go with their investments," says Paul Lebouef, a consultant for
Investing your own money also requires an investment of time. You need to watch your portfolio more closely, keeping an eye out for events and information that could affect your holdings. That means monitoring the news, analyzing market data and reviewing companies' earnings results.