Friday Finance – it really wasn’t financial advice
At the end of my irregular Friday Finance posts, I always add the disclaimer:
- This article provides general information. It does not take into account your personal circumstances and is not intended to influence readers’ financial decisions. Get your own, professional advice.
I started doing this formally and consistently after the Old Country passed a law banning influencers from promoting any financial products and services.
I didn’t seriously think a tiny blog on the other side of the world spruiking the benefits of index funds would attract the Eye of Sauron, but why risk it?
You’ll see this sort of disclaimer all over the place and it is usually there as a legal fig leaf.
However, DO NOT DISREGARD IT.
You really must do your own research and get your own personal advice. Recent events should have driven that point home rather painfully for those who got caught out.
The collapse of FTX was so dramatic and absurd that within hours people were debating who ought to play the slovenly t-shirt guy when it becomes a Netflix series. I would watch it. Here’s a small taste of the madness (click through to see the full thread):
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