It seems very exciting to get some investment advice for free that can help one make quick bucks. But do you know, what one perceives as free advice could be very expensive? The case in point is the so-called “free” advice on crypto investments from financial influencers. A few key problems with “free” advice are: – Not customized to you: People who advise for “free” are either giving a generic gyaan, pushing some products or…
Elon Musk is a brilliant engineer and a businessman but his followers also take his advice on cryptos. Sports and film celebrities who are masters of their respective skills endorse insurance, investment products, and yes cryptocurrencies as well to their followers who lap them up. Many financial influencers who may have done well in their earlier stints as entrepreneurs or business consultants are encouraging their followers to invest in different products. If you notice in all these…