Wanted to invest in the market, took advice from a financial advisor, ended up losing almost 5700$
Let me preface this by saying that I didn’t know anything about investing.
But, recently since i had some money sitting around, i decided to invest it.
Obviously, i needed help. So i found a financial advisor and contacted him.
He gave me some suggestions and I invested in the market.
I invested close to $9000 in the market and lost alot of it(around 60%).
I pulled out recently because i couldn’t afford to lose any more money.
I don’t want to quit because of one just one bad incident but it has definitely left a bad taste in my mouth.
I am doubtful whether the advice given by these ‘financial advisors’ is accurate
Could there be some benefit for them to give us skewed advice?
Now, instead of depending on others, i want to become self reliant in this world.
I want to learn about finance and stock market from scratch .
If you guys know any reliable sources that have been proven to work, I’d love to know about them.
Edit – thanks for your response! I have read all your wonderful comments and dms. For those seeing this post later, here are the sources that have been suggested that i liked
[Link](https://www.instagram.com/richertoday/?igshid=1s32s8kxi9nhm)
[Link](https://www.reddit.com/r/Bogleheads/)