Will you follow their advice?

Kia Ora,

Well this will be my last blog on financial education as next week a new law comes into effect here in NZ & these blogs could be in breach of that law.

The new law requires financial advisors to have completed a certain amount of training. But will you follow their advice?

More importantly will that advice be any good?

One commentator has outlined that basically by giving advice you are giving opinions & that is what a blog is, an opinion.

But what is this law really going to do?

That is an easy answer. The laws being implimented will mean that no one really gets true financial advice from most as they are generally only sales people, nothing more.

The reason we have financial advisors are generally most people are  too lazy to do the homework required to ensure that their own financial wellbeing.

The true advisor will be always looking outside the mainstream at investments that most see as too risky. But they are only risky because of a lack of financial education.

So when you look overseas you see that what has about to happen is about to happen here & is being pushed in other industries. By requiring people to 'fit; in by completing required courses it will channel their thinking to where those manipulating  wish people to put their money so they can use it.

 Then you get people like the 'angry man' saying you can not comment if you do not have the formal qualifications.

All that shows is we have someone who has brought into the new slavery, but the world is changing & a lot of people are starting to question the relevance of all these degrees & formal qualifications.

Experience is more relevant, like how many mistakes have you made, have you tried this & what lessons did you learn?

But for now that is to be surpressed here in NZ, so it is more important than ever that people do their own homework & cut aside the flim flam out there as to what is a good investment.