Family and friends are among the most important sources of financial advice for retail investors. That may sound surprising in a world dominated by TikTok influencers, Reddit forums, and algorithmic recommendations. But survey evidence shows that investors rely on family and friends for investment guidance almost as much as they rely on professional financial advisors. The important question is whether this kind of advice actually helps investors make better decisions. This paper paints a very d...
Continue Reading
Sign up for FREE to read the full article and access 142K+ alternative investment headlines.
Alternative Investment News