The people who are new to the stock market might not be able to make educated decisions which can lead to a lot of pitfalls and financial losses. The current portfolio management services available are expensive and may not be accesible to someone who is looking to supplement their primary income and cannot bear their hefty service charges. In addition, these services aim to maximize profits which will involve a larger risk (risk-reward tradeoff), which may not be inline with the intentions of newcomers who are looking to make responsible investments for longer durations with lower risk and more stability.
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