Is Investment Advice Worth It?
While money for future investment may be a little thin on the ground at the moment, the markets and the economy will rise once again at some stage. As more people than ever before are investing savings into the stock market (whether directly or indirectly) there is a growing belief by many that they can go it alone, they do not need professional advice. Is this really the future face of investment?
In theory all of the actual information which you need is probably on the internet, but finding it and making it work for you is a different matter altogether. Those who decide to dispense with the services of professional qualified financial advisers may well live to regret it at some stage. Let us not forget that many of these advisers have been in the market for decades - and even the newer entrants have been rigorously tested by the regulator.
Making money in the good times is easy because you can just follow the crowd and the weight of money can often push prices higher and higher. However, reducing your losses in the bad times is where real investment advice comes in, even when markets are falling human nature makes us all optimistic to a certain point although often when we realise what is happening it may be too late. Good financial advice is priceless, bad advice is very cheap!
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