My experience with financial advisors is similar in some ways. Although in Poland we have a regulated profession for investing advisors, there are only 500 agents with license. But IMO the problem lies somewhere else: the no. 1 advice you’ll most likely get from random advisor is… get a credit for 30 years and “invest” in real estate… N/C.
Regarding Index Funds: I digged deeper into this topic after reading one of your first letters but unfortunately they’re quite out of favor in Poland. I found only two real Index Funds with relatively high costs (grotesquely) and some ETFs. It’s a pity Vanguard does not operate in Poland. Do you think that risking with exchange rates to build a solid investing base in real Index Funds is a game worth trying?