As per 2017 RBI report on household financing, an average Indian seeks financial advice from the following people:
|Friends, family, and neighbours||25.1%
|Informal savings/lending groups||0.2%|
“For legal advice, you consult a lawyer.
When you are sick, you approach a doctor.
For building design, you go to an architect.
For car breakdown, you go to a mechanic.”
But when it comes to investment decisions, why do you ask family, friends, colleagues.
Investment decision is a serious affair. If you want to make serious wealth, consult a financial advisor.