At a weekend barbeque, you are introduced to a group of people you don't know (by your friend who is the host) as "one of the best financial advisers going around". Being ever so humble, you tell your friend that you are as fallible as the next adviser. Later in the afternoon, one of the guests, Mitch, corners you whilst you are eyeing off the dessert. He tells you that he is really unhappy with his adviser, and looking around for a different adviser. He then proceeds to 'test' you by asking your opinion on certain listed bank shares that he owns. He has indicated he is unhappy because he has lost a significant amount of money recently on these shares.  

Mitch asks you if he should take his money out of the share market and invest in the property market.

1.Provide a response to Mitch that shows that you understand the nature of 'general advice'.

Answer rating: 100% (QA)

Sure heres a possible response that demonstrates an understanding of the nature of general advice Mi... View the full answer