Why You Should Tune Out Most Investing Advice
If you were to open your newsfeed on a smart device or laptop and go to the business section, you’d see many prominent publications with advice about where you should invest given the current market conditions. What many people fail to understand is that many of those publications are trying to make money and have no interest in your best interests; financial or otherwise.
The latest in the media is how Silver is being shorted and represents a buying opportunity. It is too easy these days to deploy a few thousand bots on social media website to fuel a rumor about a stock or a commodity or a cryptocurrency for that matter. Wait for sometime for the rumor to spread, take your profits from the pump and dump the stock/commodity/crypto. The sanctity of the internet as a place where we can safely assemble is in pieces.
The most infuriating pieces of news I find are articles like these which somehow know which stocks are best to buy for the month or right now. According to this article, about 80% of the S&P500 Index is owned by institutions. Most of the equity markets are just dominated by institutional investors and hedge funds. These investors have better technology and advice available to them than these stock listicles. Also, assume that if someone is publishing news about a stock that is a must buy, it is already too late to buy.
