It’s a catch-22 situation. People who don’t understand investing, and are still trying to figure things out, obviously need to take advice from someone else. However, almost by definition, they’re also not equipped to figure out whether the advice they are getting is good or bad.
Everyone we meet seems ready to shell out financial advice, including friends, neighbours, relatives, co-workers, Uberpool co-passengers etc etc. Doubtless, some of the advice may actually have worked for t ..