The Biggest DIY Investing Mistakes (And How To Avoid Them)

This episode brought to you by Abound Wealth. Take the relationship to the next level and become a client: https://moneyguy.com/become-a-client/| DIY investing can be a powerful way to build wealth—but even experienced investors can make costly portfolio mistakes. Brian and Bo break down 7 common investing mistakes, including overlapping index funds and ETFs, poor asset location between Roth IRAs, 401(k)s and brokerage accounts, taking the wrong amount of investment risk, forgotten retirement accounts, outdated beneficiaries and trying to time the stock market. You’ll learn how diversification, tax-efficient investing, portfolio rebalancing, dollar-cost averaging and smarter retirement planning can help you build a more intentional investment strategy—and how to recognize when your financial life may be getting too complex to manage alone. Timestamps 00:00:00 The Biggest Mistakes DIY Investors Make 00:03:39 Mistake #1: Too Many Overlapping Funds 00:06:45 Mistake #2: Using the Wrong Investment Accounts 00:07:32 Why Asset Location Can Change Your Returns 00:12:42 Mistake #3: Taking the Wrong Amount of Risk 00:16:27 How and When to Rebalance Your Portfolio 00:17:47 Mistake #4: Forgetting Your Beneficiaries 00:20:43 Mistake #5: Losing Track of Investments 00:23:17 What to Do With Old 401(k)s 00:24:45 Mistake #6: Trying to Time the Market 00:29:20 Why You Should “Always Be Buying” 00:31:20 Mistake #7: Staying DIY for Too Long 00:32:26 When a Financial Advisor May Make Sense 🔗 Financial Order of Operations → https://moneyguy.com/guide/foo/ 🔗 Ultimate Guide to Investing → https://moneyguy.com/guide/investing/ 🔗 Got An Old 401(k)? → https://moneyguy.com/resource/got-an-old-401k/ 🔗 401(k) Ultimate Guide → https://moneyguy.com/guide/401k/ 🔗 8 Questions to Ask Your Financial Advisor → https://moneyguy.com/resource/8-questions-to-ask-your-financial-advisor/ 🎓 Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) share professional insights to help you own your financial future. Jump start your journey with our FREE financial resources: https://moneyguy.com/resources/ Subscribe on YouTube for early access and go beyond the podcast: https://www.youtube.com/c/MoneyGuyShow?sub_confirmation=1 Connect with us on social media for more content: https://moneyguy.com/link-in-bio/ Take the relationship to the next level and become a client: https://moneyguy.com/become-a-client/ #WealthBuilding #PersonalFinance2026 #RetirementPlanning #FinancialFreedom