Investing advice is not difficult to come by. It’s everywhere. The difficult part, particularly for those who are new to investing or have always let someone else manage their money, is differentiating the good from the bad.
If the majority of investors in any given enterprise are physicians, there’s an awfully good chance it is a bad investment. However, over the last couple of years, I’ve noticed that doctor’s lounge investing conversations, both in real life and online, are showing signs of improvement.
Most people who sign up with a financial services company wash out after a few months. They’re simply not cut out to be salesmen.