Best Investment Advice Unlikely to Be Found From Television Pundits

15 Jan 2016 Kion Kashefi
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.

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