Weinstein, Steven B.
March 1995
Financial Executive;Mar/Apr95, Vol. 11 Issue 2, p56
Academic Journal
The article finds fault with much of the financial advice that appears in the popular media. Although many investors are saving long-term for retirement, commentators often create a sense of urgency that implies investors must constantly react to market news, a strategy suitable only to short-term traders. Stories in the media often carry an implicit assumption that previous levels of performance will carry into the future. Investors need to adopt a skeptical view towards popular financial advice, keeping it in mind that it is often impractically general, and frequently offered by investment firms that stand to make money whenever their clients buy or sell securities. INSET: LEAVE WELL ENOUGH ALONE..


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