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Popular Media Investing Advice—and Why You Should Avoid It

Book Description

This Element is an excerpt from Never Buy Another Stock Again: The Investing Portfolio That Will Preserve Your Wealth and Your Sanity (9780137071555) by David Gaffen. Available in print and digital formats.

When the major financial media picks stocks, watch out and stay away! Here’s why…

The fascination of stock picking won’t go away, no matter how much bear markets hammer the financially uneducated. It gets truly dangerous when a particular stock or sector or market attracts the media, which arrives long after smart investors did. Three professors wrote in the Financial Services Review that “professional analysts are successful with the momentum strategy but individual investors are not…”