Jill On Money: Financial advice — Don’t be fooled

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It may surprise you to learn that about half of the so-called financial professionals out there do NOT have to put your best interest first.

They are held to a lesser standard, called “suitability,” which means that anything they sell you has to be appropriate for you.

If the advice-giver or “educator” has no experience and no qualifications, you can still enjoy the content, but do so with a critical eye. As I warned in my book, The Great Money Reset, these platforms may be fun and entertaining, but know “that you’re entering the mosh pit of investing…sift through what you encounter with a keen and skeptical eye. Try to poke holes in what you hear and not become too emotionally invested.”

 

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