Sunday, October 9, 2016

How Trustworthy is Stock Advice on Websites and Media?

I do not know what stock advices these sites are giving, for I do not read those advices. I also cannot talk about the stock advice given by any particular site as it may attract legal action, both civil and criminal.
In the light of the above I would state as follows:
Do not take any advice that predicts gains based on price movements.
Please do not act on advice that uses the words target price and stop loss, again advice that predicts potential gains purely out of price movements.
The above kind of advice is pure speculation that encourages day trading and does not fall under the umbrella of investing.

Instead please read the book ‘The Intelligent Investor’ by Benjamin Graham, which is the bible for investors, then you will not need the advice of the media, stock brokers and the many, so-called experts.

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