At Brooks we love our Pets

Hmm, I wonder if  cats and dogs would make good financial advisers. Hypothetically speaking, if cats and dogs could talk and had the necessary knowledge and expertise, they could potentially be better than a well-meaning but unqualified friend or family member.

Cats are known for their independent and curious nature, and they may be able to spot opportunities that other advisers might miss. They are also great at conserving their energy and resources, which is an essential trait for successful investing.

Dogs, on the other hand, are known for their loyalty and diligence. They are great at following through on tasks and may be able to provide reliable advice to their clients. Additionally, dogs are highly trainable and adaptable, which are valuable qualities in an ever-changing financial landscape.

While a friend or family member may have good intentions, they may not have the necessary training, experience, or knowledge to provide sound financial advice. They may not be familiar with the latest investment strategies or understand the complexities of tax laws and financial regulations. They are unlikely to have all the traits of our furry friends.

On the other hand, if cats and dogs had the ability to talk and were trained as financial advisers, they could provide impartial and objective advice based on their expertise. They would have a deep understanding of the financial markets and could use their knowledge to help their clients make informed decisions that align with their financial goals.

Additionally, cats and dogs would be bound by professional ethics and standards, ensuring that they act in their clients’ best interests and avoid any conflicts of interest. They would also be subject to regulatory oversight, which would ensure that they adhere to high professional standards and conduct themselves in a responsible and ethical manner.

In conclusion, while a well-meaning friend or family member may offer advice based on their own experience, they may not have the necessary training, experience, or knowledge to provide sound financial advice. So, you may well be better off asking Rover or Tiddles as they actually can’t give advice and no advice is often better than misleading advice.

Andy ‘Doolittle’ Brooks

April 2023