Contrarian: Sheer investment madness

CONTRARIAN

Call me an incorrigible optimist but I think there will be a very bright future for sensible, independent investment advice.

I have no doubt the FSA will make a right mess of matters, micro-managing to the ‘n’th degree but failing to spot the marauding elephants in the room that will trample all over most ordinary investors’ portfolios. I also do not harbour any illusions about the task awaiting most advisers as they struggle to define their occupation as both a profession and a viable business. But if all else fails, independent advisers will eventually find salvation largely as a result of private investors and their incorrigible appetite for ill-considered risk. Put simply, investors may end up dumping t...