A financial counselor advised you to buy it
When entering the investment world, it’s always a good thing to have a financial advisor by your side to give you all the information you need and help you make the right decision.
Unfortunately, not all advisors put your interest ahead of their own, which means they may not always recommend an investment that’s 100% sure for you. Apart from the fact that in the investment world, nothing is for sure, some advisors work on a commission and do not have a fiduciary duty towards their clients.
Given that some commissions are higher than others, their recommendations might target a higher-cost investment over a competing one. To make sure you can trust your broker, make sure you verify how he is paid before making your investment.
