There are no short cuts. You have to do your homework. Whether hiring someone or investing on your own, you need to know what you are doing. Here is another example of how do it yourselfers might get tripped up.
WSJ March 1, 2010
Bond ETF Buyers Must Stay on Guard for Hidden Risks
“Investors seeking safety have been pouring cash into bond funds over most of the past year. While that can be a sound if not lucrative strategy when it comes to mutual funds, exchange-traded bond funds bring the risk of limiting gains or magnifying losses.
ETFs are seen as liquid, transparent investment and trading vehicles. But liquidity issues make most bonds a poor fit for ETFs, so an ETF’s share price, dictated by market demand, is often different from its net asset value. As a result, investors often aren’t buying and selling fund shares at levels close to their true value.”
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