DIY Investment or seek Investment Advisor? In mid 40s, what would be a better strategy to grow wealth towards retirement?

Have been contemplating what better investment strategy for wealth growth..

Option #1: Do It Yourself (DIY)
With limited knowledge and analysis ability, I can probably only "blindly" setup a portfolio of blue-chip stocks and hope equities can grow more than 4-5% pa (comparison with CPF SA interest)

Option #2: Engage Investment Advisor (IA)
Assuming advisor will better knowledge can help client invest better (help monitor and switch).. for a fee

Option #3
Both DIY and IA.. is it redundant?

Hey there!

Why not both? :) For people starting out to invest, you can opt for someone to manage and advise you on your investment plans. Typically it'll be good to get someone who has knowledge of the funds performance and has a system of reviewing your investment. And also an investment plan allows you a disciplined and systematic way of investing without having your emotions interfere in your investment decisions.

In the meantime while you have someone managing your investment plan, you can start out with some safer stocks eg. Blue chips companies that Dish out dividends. This period (while having an investment advisor to handle your plan) will give you time to learn market movement, understanding investment psychology, business fundamentals etc. From there you can decide which to venture into eg. Riskier stocks like Growth stocks etc. That will help to grow and develop some investment principles on your side too.

Experience is usually the best teacher. Whichever route it is, it will be a valuable learning experience for you. All the best!

Financial planning is an integral part of life. You can reach me here to find out more.