Years ago, brokers had more influence over investor decisions than they do today. With trading charges now at such low levels, it doesn’t make much economic sense for brokers to take time giving advice.
Information you may decide to take applies as well to what you get from most investment advisers. What is more, investment advice for a fee can be costly as well as not often necessary, when tax and estate matters are not complex.
The only advisers you need are lawyers when necessary, and tax and estate experts when your investments warrant them. Otherwise, you can learn enough basics and keep to index funds. And away from the mad, eventually illusive chase of picking security “winners.”
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