Thursday, July 22, 2010

All Financial Experts Are Right, and Wrong

The financial media is replete with opinions on the securities markets. How do you instantly know they can be wrong?

Here is a tip unlike any you will get from them:

Be careful whenever you are told to buy a specific investment without you having to consider your personal risk conditions, your age, family situation, and finances, as they relate to that advice.

I don’t care how smart or how much of a guru he or she purports, or is considered by the masses to be. That advice is tainted.

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