Paul discusses a study that shows how DIY investors openly admit to investing while intoxicated as well as crying because of past investment decisions. Paul and Evan talk about how educated advisors can help investors avoid impulsive investing. Later in the show, Paul talks about a misleading practice that allows robo-investors to make money for their services.
How Do You Know an Investment Firm Is Right for You?
Unfortunately, it is not difficult to get into the investment industry as a financial planner with no experience and very little education.