The two biggest mistakes a person makes when they aren’t receiving advice from a financial advisor are related to the timing and choice of an action.
In some cases, an action such as an investment decision may be appropriate, yet the timing can be too early or too late. In other cases the choice may inappropriate, regardless of the timing.
These opportunities can be very emotional, often involving family and close friends, and someone who is otherwise conservative in their decision making can get caught up in the emotional nature of the opportunity to make an error in the timing or choice.
A financial advisor can help you take a step back to gain perspective of these opportunities and to provide an independent, qualified opinion as to timing and choice for each opportunity.