Finance forums are developed with the objective of helping members out with financial advice and knowledge. Many new and veteran investors, stockholders etc., become a member of finance & stock discussion forum. It has become the most advanced way of getting financial advice.
On the other hand, many investors still follow the old methods of getting advice and guidance (through financial advisors). If you are still wondering about this option, then following are the disadvantages of not becoming a member of these discussion forums –
Lack of information & absence of latest updates – It is essential to have inclusive knowledge of market to make the right decision in investment. However, individuals who are not a member of these forums miss out on the latest updates of market that are usually discussed in discussion board.
In addition, they also miss out on the vital and comprehensive information provided on these financial discussion boards by other members. Many times, boards provide updates to their followers regarding latest market updates. It includes information and updates on equities, commodities, currencies and more.
Lack of guidance – Furthermore, individuals (who are not a member of forum) also fail to benefit from the essential guidance provided on discussion boards by veteran investors, finance professionals etc. It can lead you to bad decisions due to half knowledge or lack of experience. This is why it is advised to become a member of finance discussion forum and get guidance for experienced investors.
Extra cost – Many investors take help of financial advisors when it comes to get experienced guidance regarding investments. These advisors cost lots of money to you. On the other hand, forums are usually free. You can see explore various threads here, gathers essential information, ask questions and more, all for free or much lesser cost.
No convenience – Hiring a financial advisor may help you in getting essential information or advice. However, it is a not a very convenient option. Not only it costs you, but these advisors also provide their services for some certain time and hours. Alternatively, discussion boards are available at all hours. You can go on these boards and explore threads anytime, whether day or night. It is very convenient option especially for those individuals who are busy with their full day jobs.
Danger of risks and frauds – Members of forums always warn others about the frauds and risks. If you are not associated with any of these boards, then you might miss these warnings and become a victim.
On the other hand, many investors still follow the old methods of getting advice and guidance (through financial advisors). If you are still wondering about this option, then following are the disadvantages of not becoming a member of these discussion forums –
Lack of information & absence of latest updates – It is essential to have inclusive knowledge of market to make the right decision in investment. However, individuals who are not a member of these forums miss out on the latest updates of market that are usually discussed in discussion board.
Lack of guidance – Furthermore, individuals (who are not a member of forum) also fail to benefit from the essential guidance provided on discussion boards by veteran investors, finance professionals etc. It can lead you to bad decisions due to half knowledge or lack of experience. This is why it is advised to become a member of finance discussion forum and get guidance for experienced investors.
Extra cost – Many investors take help of financial advisors when it comes to get experienced guidance regarding investments. These advisors cost lots of money to you. On the other hand, forums are usually free. You can see explore various threads here, gathers essential information, ask questions and more, all for free or much lesser cost.
No convenience – Hiring a financial advisor may help you in getting essential information or advice. However, it is a not a very convenient option. Not only it costs you, but these advisors also provide their services for some certain time and hours. Alternatively, discussion boards are available at all hours. You can go on these boards and explore threads anytime, whether day or night. It is very convenient option especially for those individuals who are busy with their full day jobs.
Danger of risks and frauds – Members of forums always warn others about the frauds and risks. If you are not associated with any of these boards, then you might miss these warnings and become a victim.
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