Best Investment Advice Unlikely to Be Found From Television Pundits

For the overwhelming majority of investors, there is very little to be gained from watching any of the pundits on television offering their advice on how to “play the market like a pro” in order to achieve rapid wealth accumulation and long-term financial security. The truth is that timing the market is unbelievably difficult and unlikely to be consistently done well by even the shrewdest of investors, and picking stocks on an individual basis is similarly difficult. This runs counter to the advice given by the advisors screaming at investors through the television, and the main reason for this is that the truth about investing is not really entertaining enough to make for “good TV.”

“The reality is that most investors would benefit most from low-fee index funds, but that is not really exciting advice and it will certainly not keep you tuning in day after day,” said Arturo Alvarez Demalde. “There is a caveat, of course, that every investor is different and therefore has different needs, but in most circumstances investors would be wise to investigate low-index funds rather than following the advice of someone on TV.”

Many shrewd investors would likely agree with Demalde, and Randi Glazer might be able to shed some light on the benefit on taking a pragmatic approach to investing. After all, the television pundits have a sort of carnival barker quality that should make anyone hesitant to follow their financial advice. When it comes to getting the best possible return, low-fee index funds are certainly not the most exciting, but an investor seeking excitement can turn to a number of entertainment activities that are far more thrilling than anything that can be accomplished through the stock market.


A Few Words From Business Expert Ralph Slaske

Dave Ramsey, Zig Ziglar, Steve Jobs, Thomas Edison; these are just a few names linked with the brilliant business minds that changed business and America forever. “If you want to change the way you think, study those who think differently than you,” said business expert Ralph Slaske. To add to Slaske’s quote, I’d like to add a few words of my own: If they are in life where you want to be.

Studying business geniuses is a great idea, but why would you? What can you learn from these people? For one thing, you’ll learn principles that aren’t taught in school (but why?!), and you’ll also learn how to look at failure and loss differently. The majority of people believe that if something doesn’t work, then we need to run away from it and find something else that will. Someone with a business has learned that if something doesn’t work, try again, then try again, then try again in a different way. Attack the problem in different angles. If your solution didn’t change the problem, change your thinking about the problem.


Turning a Hobby Into a Profitable Venture Is an Attainable Goal

It is an unfortunate truth that it is somewhat rare for there to be an overlap between an individual’s passion and their source of income. One of the more common refrains among those engaged in some kind of recreational activity often has to do with a desire to somehow generate income through a passionate pursuit that they truly enjoy at all times. While many will say this with more than a tinge of regret and mistakenly accept that gainful employment is not always fun, there are those who realize that there is very little preventing them from making a lucrative career out of their hobbies and passions.

Jody Rookstool is a perfect example of this. After beginning to share her crafting and DIY projects with friends and family, she was able to create a viable business that has enabled her to devote more time to something she deeply enjoys. This is true of any endeavor, and though there is certainly some risk at the outset of any business venture, it is often a risk worth taking.

It seems to be the case that these businesses are successful mainly because of the evident passion of those involved. These businesses tend to excel simply because the people in charge are more than happy to work on a project that reflects their interests and allows them to do what they love all the time rather than in just those few hours that are not devoted to a traditional job.


Financial Technology Finally Catching Up With Demand for Innovation

Consumer demand has been pushing a great deal of technological change in recent years, and that demand is finally making its way into the financial sector. The development of a number of financial technology services has made it easier for consumers to manage their finances in a manner that they are able to completely control. As a result, traditional banking institutions are being forced to adapt quickly or risk being forced out of the marketplace entirely. This is a positive development, as the enhanced transparency for consumer finance will ultimately stimulate a great deal of change in the way financial services are delivered.

There are a few obvious examples –- Paypal, for instance — of financial technology companies establishing a significant hold on the market recently, and these companies are not just making financial management more convenient for consumers, as they are also changing the way financial institutions do business entirely. It seems clear that consumers will no longer be dealing with a single financial institution to handle all of their financial needs; instead, consumers will be able to identify the most ideal platform for their specific financial goals and will be able to invest accordingly.

Companies such as Robinhood and Simple have made it easier for consumers to control their personal finances and to modify the options at their disposal so that they are suitable for their unique goals and needs. It is therefore the case that these financial technology startups are not just making personal finance easier and more accessible, but they are also creating a highly personalized option that makes money management more effective over both the short- and long-term.

Of the most interesting developments among these financial technology startups is the advent of the robo-adviser, which has threatened to make personal investment corporations seemingly obsolete. The robo-advisement process is quite simple, as the automated system invests according to your goals and input with regard to diversification, much in the same way as a personal finance manager would but without the added costs.

The world of finance is clearly changing, and technology startups are finally entering the financial world to stimulate the kind of change that is long overdue. The services that are now being offered by these tech startups will ultimately prove to be exceptionally beneficial to consumers who want more convenient and effective personal finance options, and it is now up to the established financial institutions to either adapt or dissolve.