On Stock Market Advice: Hindi Porket Libre, Mura
Updated: Mar 30, 2018
Just because something is free doesn’t mean it comes cheap. Think twice before accepting anything that’s free. Why? Because it could cost you way more than you bargained for.
In stock investing, getting free trading advice could lead you into committing (painful and costly) mistakes. There’s no accountability; no proof of concept; and no commitment to help fix your portfolio should you need it.
Fee-based subscriptions, on the other hand, lead to mutual engagement.
Subscribers are more likely to devote time and effort into their trades because of their sunk investment (subscription). Hindi mo sasayangin ang nabayaran mo na.
For its part, the subscription service provider will act in the best interest of its subscribers to protect the relationship. And to ensure continued engagement, the provider will find ways to improve its products and services to its subscribers.
Freebies are fine. So long as you don’t bet your hard-earned money on them.