Social Media vs. Advisors (round 1)
June 2, 2008 – Eric DolanA complete stranger whom I’ve never met told me the other day that my retirement plan was not appropriate for my investment objectives. I met this “stranger” on wesabe.com, a site that describes itself as:
“An online community of real people just like you, with real financial goals and concerns.”
Advice from other people like me? That sounds comforting. People like me don’t have an agenda when it comes to making the right investment decisions. Are they saying the same things as my financial advisor, whom I pay for help with my real financial goals and concerns?
I got to thinking, are investors out there questioning information from their advisors because of the opinions of complete strangers?
The answer: Yes. About one-third.
![Social Media Has Made Me Question The Accuracy Of \](http://blog.cogentresearch.com/wp-content/uploads/2008/05/advisor1.png "Social Media Has Made Me Question The Accuracy Of \")
Cogent Thought
Advisors, consider yourselves warned.
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