I am delighted to announce that the community forum for DIY investors is now open for business! As of now it is a sub-domain of freefincal with an easy to remember url:
Here is an extract of the read me first page
DIY refers to ‘Do it yourself’. This forum is an online community of investors who would like to manage their money on their own!
The aim of the forum can be summed up the popular adage, which in its original form reads:
If you give a man a fish he is hungry again in an hour. If you teach him to catch a fish you do him a good turn.
So our aim as a community is to focus on fishing techniques rather provide fish.
All are welcome! It does not matter whether you are an advisor or an investor who has sought the advice of an advisor.
The main aim of the community is to spread the message that:
money management is simple. No one cares about your money as you do. So take action, perform simple initial steps and set up an auto-pilot. Keep it simple, ignore noise, and focus on other hobbies or interests (instead of obsessing about personal finance)
Members should encourage each other and the investor community in general to nurture confidence and conviction to take independent financial decisions.
You can explore the categories on the right to see what we are up to here.
If you wish to post a question, observation, or useful resource, you will need to login from the top right of the page. You don’t need to login to read posts.
Members can also login via Twitter, Facebook and Google+ (let me know if they don't work right)
The forum logo
The logo represents community members helping out a newbie (centre) to DIY.
The spade’s that form the torso
1) represent the effort necessary to DIY
2) are a self-deprecatory ‘dig’ at the other expansion of DIY: dig it yourself!
This forum is only one activity of the DIY community.
A monthly newsletter, detailed reports on funds and stocks, local meetups and book giveaways are some of the activities on the anvil (thanks to Ramesh Mangal for suggestions).
What about AIFW?
What about it? Many members of facebook group Asan Ideas for Wealth are under the impression that most of my readers stem from there.
Sorry, you are mistaken. The total traffic from facebook: AIFW, my timeline (1000+ friends) and the blog pages timeline (1500+ likes) constitutes only about 8-9% of daily freefincal traffic.
An online forum offers a chance to do much more than a closed facebook group.
Why can't AIFW be made into a DIY forum? Why not indeed?
Go ahead and give it a shot. You have my full support in converting a free lunch portal into a DIY forum. Good luck. I have tried and failed.
I have no intentions of justifying the existence of the DIY forum anymore than I have.
The forum rules are given below. You can also read then at DIY investors' forum
Do’s and dont’s
Let us strive to focus on questions like,
- how to choose a good business or mutual fund,
- how to construct a diversified portfolio etc.
instead of questions like
- name some multi- baggers,?
- what funds/stocks do you invest in?,
- provide some feedback on my portfolio etc.
- please share your investment portfolio
No free lunch
Threads that ask for fund/stock names/suggestions will be closed with a reference to a ‘how to’ link, where possible.
People who provide financial advisory services to investors are welcome, but should not promote themselves here, directly or indirectly.
This is not a place a for bloggers to post their own daily posts.
No speculative posts about market movements.
Avoid questions like, what will happen to Indian markets if Greece defaults?, Should I book profits now?, Is this a good time to start a SIP? If found, such threads will be promptly closed.
Posts that are welcome in the forum
- Any and all questions on personal finance and investing for which answers cannot be obtained from a simple google search.
- It is not just a Q/A forum. You can share your experiences of buying insurance, claiming health insurance etc.
- Fine print on products that investors should be wary of.
- You can post about your analysis or investment strategy with relevant data.
- Quiz questions on personal finance, time value of money etc. can be posted for members to attempt.
- You can post links to lesser known DIY resources from which members can learn.
- Anything else you think will help the DIY community.
I have started a few threads to set the ball rolling. Obviously it will take a while (hopefully) for members to join and participate.
Without further ado, here is the link to the
The forumengine theme in which the forum is hosted was sponsored by contributions from freefincal readers.
I am still learning how to set up the forum. Let me know what improvements can be made.