How many times have you heard the old saying if it sounds too good to be true it probably is? Well the same goes for free. Free is nice but sometimes you get what you pay for so check out these three reasons not to believe free investment advice.
Of the three reasons not to believe free investment advice training is very important. The internet has changed how we do a lot of things including investments. We can buy and sell stocks all with just a couple of keystrokes. It’s very easy to open a business as an investment advisor for free.
But who says what kind of training they have if any at all. Are they just playing with your money and risking it all. After all they have nothing to loose right? If they offering their service for free be skeptical about their training and be wondering about agenda. Of the three reasons not to believe free investment advice this one really needs your attention!
Number two of the three reasons not to believe free investment advice is that they will often offer you free investment advice that points you towards a specific stock or stocks. The advisor may be pushing stocks that they might have a vested interest in or they making money off your buys which is how brokers get paid. What ever their motive there’s a good chance that you are no more than a pawn in a game and there’s a really good chance that you are not going to benefit from the experience which is of the three reasons not to believe free investment advice this could be the most important.
We said there were three reasons not to believe free investment advice so here is number three. What type of information are they asking for? Personal information? Credit card information? When someone offers up free investment advice make sure you know what the real cost is. Of the three reasons not to believe free investment advice this was has the biggest potential for damage to you personally.
There are plenty of other reasons other than these three reasons not to believe free investment advice but I’m sure you get the picture. Trusting your money with free investment advice is rather like trusting your life with an unlicensed doctor.
These three reasons not to believe free investment advice are probably the most important of all the reasons.
Copyright © 2007 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only.)
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