Why is everyone looking for investment advice, but they aren’t willing to pay for it?

Steve asked:


I am constantly reading questions for investment advice on this site. Most of the time the people giving the answers don’t have all of the information necessary to give advice, are not qualified to give advice, and then give bad advice. Yet people are willing to take this advice and go “do it themself” and pay $6 for a trade that will eventually lose them thousands of dollars.

Why is the climate so anti – financial advisor? Obviously people want advice, that’s why Cramer is so popular and sites like this. When is it worth it to pay for financial advice? Can a financial professional add value to your investment plan?

The Profit Lock – Education For Everyday Investors

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