Why should you avoid giving financial advice?

in LeoFinance27 days ago

Hi hivers, if you are looking for the answer to the question "Why should you avoid giving financial advice?", you have landed in the right place. On the Inleo platform, when you read an investment article or any blockchain gaming post, you may have been through the sentence "this is not financial advice". Now the question is, why are they saying that you do not need to take that information as financial advice? They say take it as a suggestion, and then do your own research, and then decide.

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I say the same because crypto and finance are my niche, so I always say do not take it as financial advice. Instead, you need to take a suggestion adn after taking this suggestion or idea, do your own research and then decide what to do. All of them, including me, are worried because crypto is a risky place, so when you are investing, you are taking a risk. All the author do not wants you to lose money on investment, which is why they always say, not financial advice.

For this reason, you should avoid giving financial advice to anyone. The crypto market is highly volatile. Sometimes when investors lose, they feel that this person recommended this investment platform, which is why I lost. You will be blamed when they lose, you will not get any appreciation when they make a profit, and this happens most of the time. So avoid giving financial advice.

I am not saying that all the people blame you, but why should you take a risk? Just give a suggestion, and when that person likes your suggestion, they will do research and invest according to their capacity. This is the right method, and you would agree with me.

So this is a basic solution to this problem, and most of the authors and even you recommending any blockchain game, then you have to give this warning too. Because blockchain gaming is all about investment. So that is it, guys. Now I am signing off.

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This article is amazing and why I tell you that... simply because I sold some stocks at 120% PROFIT based on one of my friends saying and now the stock is 300%. Whenever I see him I remind him that and joke blame him... 😆 but that's what happens when you "give financial advice" and you're not even in the game.

Haha, that's true and happened with me. That's a regrettable situation for you and, at the same time, funny. Thank you for sharing your experience, and I am glad you liked it. xD.

I have there before and I had to pay for the entire shipwreck while others went home scot free. I was the top advicer I guess. Since then, I don't plead or force investment opportunities on anyone. Face it or leave it, that's to me, is peace of mind.

That's what I am saying. Just give a suggestion, and then a warning, and then just get out of there.

Indeed is better never to give financial advices, if things go wrong then you get blamed for just giving advices... Better let people do their things

well said bro :)

Okay I will keep in mind, next time.

Nyccc xD.

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Cryptocurrencies are certainly a risky market, but like all of life, we need to investigate a little more to have an idea of ​​how to invest our money to obtain the best profits available.