The ‘dangerous advice’ in question here is not what you might hear from almost any properly authorised and regulated financial adviser. The online and wider world is full of influencers (parents etc.) and those with ‘success stories’ to spread around and publicise, in this case about the ‘real’ way to make money and break the shackles of not having enough money. The danger is that many might put their shirt, blouse or house into unregulated or high-risk schemes as a result, cryptocurrencies, for instance or the many sure-fire property investments popping up all over the internet. OK, you might never be able to pay your mortgage off tomorrow if you steadily save into the sort of medium-risk, managed fund which most of our recommendations involve; but you won’t lose your house either. So unless you have houses you can afford to lose, boring is often best…
“Letter of authority: Why now is the right time for change”
This may sound like a non-issue from outside the world-of-financial-advice bubble. It is the bain, however, of the daily working lives of many of us, particularly of those paid by we advisers to do the dirty work of dealing with the many providers with whom we have to work.
