Do not Take Investing Advise Blindly

[Alex Gates]

Many financial advisors and educators do not act in their clients’ best interests because they need to worry about feeding their own families. Since many do not practice what they preach, they need to earn an income from the advice they are providing and very often the advice serves their best interests and not yours. There are also genuine educators and advisors who DO walk their talk, who do invest, and do exactly the sorts of things they advise you to do. So, it is important that you don’t tar everyone with the same brush and give up on your dreams just because you have decided that the industry is full of crooks. As one guru suggests, that would be like choosing not to experience the joys of swimming in the ocean simply because you are too afraid to go in, on account of dangers such as rips and undercurrents. Instead, why not use that knowledge to take precautions such as swimming on patrolled beaches and enjoy the experience to the full?

So, when it comes to advisors and educators we want to make sure that you distinguish between the following two groups:
1. Those who after you’ve learned how they will profit, you still wish to do business with.
2. Those who are set to gain an unreasonable amount or the nature of the gain reflects a conflict of interests and thereby is not in your best interests.

Think about it…

To Your Success
Alex Gates



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