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Seek professional advice when needed, but be wary of conflicts of interest from "summary" of The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein
When it comes to managing your investments, seeking professional advice can be crucial. Financial advisors can provide insights, expertise, and guidance that you may not have on your own. They can help you navigate the complex world of investing and make informed decisions based on your financial goals and risk tolerance. However, it is essential to be cautious when seeking advice from professionals, as conflicts of interest can arise. Conflicts of interest can occur when a financial advisor's recommendations are influenced by their own financial gain rather than your best interests. For example, some advisors may recommend certain investments or products because they rec...
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