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Is DIY investing is good for you?

 Are you a D-I-Y (Do It Yourself) investor? Is DIY investing is good for you? Let's understand.

Not just DIY Investing but any DIY (being your own doctor, accountant, lawyer, architect/engineer, car mechanic, plumber, electrician and so on), ask yourself following questions. If your answer is 'Yes' to most of them, you can DIY.

#1. Are you a 'pro' in what you want to DIY (ex: you are a doctor yourself or a car mechanic yourself)?

#2. Isn't the professional service available or affordable or feasible? (Ex: Something needs to be done/fixed/repaired, which is minor but hasslesome and you wish to use a professional service to avoid getting messy. However professional service isn't easily available in your locality or service available is of much higher scale than a small thing you need and costs too much.)

#3. Do you have enough spare time that you can't utilize more productively or beneficially than the cost/value of a professional service? (Ex: Hiring a maid to save you 3-4 hours of labor costs say 3-5K per month; If you can earn far more than that, say 10K per month additionally by utilizing that 3-4 hours a day, it's better to hire a maid than you saving 3-5K by doing a low-value job. On the other hand, spending quality time with your family or utilizing the time for up-skilling or even leisure is more beneficial to you than saving some time/money on a professional service)

#4. Are some shortcomings or low quality output is OK for you, from the things that you DIY? (Ex: A tailor stitches the clothes perfectly but you are intending to mend a old daily use wear yourself and a bit imperfection doesn't matter.)

Now you have a framework, for how to go about DIY. 

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