Is there any such thing as an “armchair investor” and if there was, would you want to be one …. ?

I am just wondering what the Tribes' thoughts are on the term "armchair investor".

I must admit, I find it very perplexing.

I strongly believe that the best person to look after my money and my financial future is the person I see in the mirror, not a third party with a sales agenda.

I cannot understand the concept of sitting back and letting someone else take all the responsibility for my money, my investment decisions, and my financial future – no matter how trustworthy that person might seem.

I actually want to roll up my sleeves and get my hands dirty. I want to strive to understand my investments from every angle. I want to take responsibility for how my money is spent. I want to be on the "factory floor" dealing with the everyday running of the business so that I can grow my skills and knowledge.

If I invest my time and diligence in my property business, then there is hopefully far less chance of it going wrong than just taking someone else's word for it.

Maybe armchair investors sitting back in their armchairs calling themselves "investors" are really "armchair speculators on a third party's ability to make the right buying decisions for them".

Property is not a case of "one size fits all". If you don't want to roll your sleeves up and get your hands dirty, then maybe you shouldn't get involved at all … ?

If you think of yourself as an "armchair investor", maybe that allows you to feel very disconnected from your property business? If you are not in the thick of it, then there's a strong possibility it will go off the rails.

Passive Investments, Grant Bovey's Imagine Homes, and Instant Access Properties are three high profile companies who have proved that the "armchair investor" concept is a recipe for disaster.

Yes, I can understand that if you are cash rich but time poor you might like a bit of help and support. That is understandable. However, to absolve yourself of all responsibility and "just sign papers", which I have heard someone say recently, is a complete anathema to me personally.

What do others think?

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