Ags Nightmare Posted November 17, 2010 Report Share Posted November 17, 2010 I went through some excellent information on how not to become a stock market bag holder in part one and now I am going to give my grades for numbers six through ten of 10 People And Places That You Should Never Follow Investing. 6. Financial News Networks Sometimes while watching Bloomberg or CNBC, you will see an expert recommend that investors should buy a stock right now. Remember that while you are watching a particular program, there are millions of other people watching as well. You never want to buy a stock that everyone is trying to own a piece of. Me: You obviously have not read my Bubble Playbook. Ever see the action on a Jim Cramer pump in the heart of a mania? Also it is millions of stoopid sheeple, not people. Grade: F Extra Special Comment: Jackass! 7. Magazine’s Hottest Mutual Funds Lists Fortune, Forbes, Kiplinger’s and other financial publications always run a hottest funds column in their magazines. This column shows the best performing funds over the past year and the last five years. These mutual funds see huge inflows of money after the publication of their results. Large amounts of cash are often a [...] View the full article Link to comment Share on other sites More sharing options...
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