Episode 265. Pay Attention to Who is Advising You | Dave Quinn

In this episode I speak with Dave Quinn a financial planner in Ireland. We discuss the evolving landscape of financial planning and the importance of understanding behavioral psychology in investment decisions. We explore common mistakes investors make, the significance of fees, and the value of seeking advice.

Dave shares insights from his extensive experience in the industry, emphasising the need for a solid financial plan aligned with personal goals. The discussion also touches on the current economic climate, asset classes, and the emotional aspects of investing.

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Takeaways

• Commission-free financial planning is the future of the industry.

• Learning from clients' experiences is invaluable for advisors.

• Storytelling is a powerful tool in financial education.

• Investing back into your own business often yields the best returns.

• Timing the market is a common mistake among investors.

• High fees can drastically reduce investment gains.

• Investing in education is crucial for young professionals.

• It's essential to focus on long-term goals rather than short-term market fluctuations.

• Understanding behavioral biases can improve investment decisions.

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