You frequently get suggestions of financial of portfolios in the media. Generally for various types of economic possibilities, but they are really an attempt to time the market.
They always make me laugh but, really, they are not a laughing matter, because you can get burned if you follow such advice.
The media suggestions usually come with some advisor mentioned, making the recommendations. That advisor has been singled out from among tens of thousands in the business.
Advisers seeking publicity constantly, energetically strive to have pet portfolio ideas published in public view. So why this mention in the media? Is it a friend or relative of the columnist or reporter or interviewer?
Secondly, the portfolios given never identify objectives by investor age or risk capacity or psychological sensitivity. It makes the reportage useless. And dangerous. ( See the Earl J Weinreb NewsHole® comments.)
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