But navigating the thicket of paperwork and separating good from bad advice can prove downright daunting.
We have not had to deal with financial fraud, bankruptcies and genuinely bad advice.
This makes it harder for them and their firms to be punished for giving bad advice.
They are getting bad advice and bad advice for free is never a good deal.
But a focus on passion is dangerous and outright bad advice for most people.
FORBES: Follow Your Passion Is Bad Career Advice For Most People
Bad advice, bad coaching, etc. are endemic in the capital markets, RTO or no RTO.
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Unless investors are willing to pay for objective advice, they may be doomed to receive bad advice.
Conflict of interest ridden advice is bad advice and bad advice, even for free, is never a good deal.
FORBES: U.S. Institute Senior Delegates�� Roundtable Speech (June 7, 2004 )
The pat answer-if it sounds too good to be true, it probably is-isn't bad advice, but isn't always enough.
We got some bad advice at first, to locate the photos inside the Photos folder inside the Media folder.
He admits that he has perhaps not fulfilled his potential, partly down to taking "bad advice" and making "wrong choices".
The pat answer if it sounds too good to be true, it probably is isn't bad advice, but isn't always enough.
Rather than take the hits, some of them sued their investment bank for selling them poor products or giving bad advice.
The firms that gave you the bad advice or sold you the bad products or services want you to defend your decision.
In 2009, investors bailed out the very firms that profited for decades providing conflicted or bad advice to Americans on how to invest.
FORBES: On Your Own: Investing in An Era of Irrelevant Regulation (October 2009)
Just because "follow your passion" is bad advice, however, doesn't mean that you should abandon the goal of feeling passionate about your work.
Robin Hanson, Megan McArdle, and Will Wilkinson all think Steve Jobs gave bad advice to the 2005 graduating class of Stanford University.
Bad advice, bad breaks and bad behavior are three short reasons.
Do your due diligence because you can't afford, in this market, to make a mistake and go with someone who's going to give you bad advice.
But, the good news is, even if we took bad advice back then, there are still opportunities afterward to get back to what fuels our passions.
The financial services industry has models in place that serve the wealth and working class alike, and both are equally susceptible to bad advice and fraud.
But the losers, owing to bad advice, company restrictions on sales, ignorance or greed didn't sell before the end of the year--or before their companies' stock bombed.
Gotten bad advice or wrong answers from your HR department?
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Lichtenstein claims Willkie gave him bad advice because it was motivated by self-interest because the law firm would have also faced a lawsuit from the lenders for aiding and abetting.
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As soon as investors adopt this mantra their relationship with their money and advisor will change for the better, and be a major step in curbing abuse, fraud, and bad advice.
Also, if your advisor gives you consistently bad advice, such as causing you to lose money over long periods unrelated to a market rout, or putting you into dubious investments, a change may be warranted.
"It's very sad that young people who have so much promise, who were bestowed by life with all the grace in the world and an unquestionable talent, because of ambition, bad advice or simply to obtain money see themselves in situations like this, " he said.
FORBES: More Worries for Defined Contribution Plan Fiduciaries (August 31, 2006)
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