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Friday, March 01, 2013
The Pros Decide Your Stocks and Then Lose
The results are in, and it turns out that every one those "expert" stock pickers (including Jim Cramer) are in a word - "worthless".
Forbes magazine released a great article by Rick Ferri titled, "It?s Official! Guru?s Can?t Accurately Predict Markets." I provide the link for the article at YourIncomeGuru .blogspot.com on the post titled ?Pros Pick Stocks and Chose, and Then Lose? which is under 2013 February section.
Apparently , all of the "expert" stock pickers out there average a hit rate of around 48%.
Imagine your "investment strategy" was created up of the following process:
1. You put a list of all stocks up on your wall at random.
2. You have someone blindfold you.
3. You have them spin you around until you are extremely dizzy you can barely stand.
4. They hand you a dart.
5. You throw that dart at your wall.
6. Assuming you hit the wall, you write down the stock you hit.
7. Flip a coin. Heads signifies it?s a "buy", tails signifies it?s a "sell".
Congratulations
You have just beaten the results of the collective group of stock picking "experts" you see on TV!
As a point of interest, Jim Cramer, the crazy guy you watch on CNBC grades out at 46.8%. That means that betting against his advice is a long-term win for you.
So why do I share this with you?
Simple. Don?t make stock decisions determined by anything you see on tv. Make sure you sit down with a Retirement Planning Specialist so you can get good, solid information.
Remember, good information shared with good people results in good decisions. You aren?t getting good information from these "gurus", so plan accordingly.
Matt Golab
Matt is an Investment Advisor Representative as well as the Chief Advisor of Aaron Matthews Financial Resources located in Elk Grove, California.Click here to learn a lot more about Matt Golab and his company Aaron Matthews Financial Resources!
Forbes magazine released a great article by Rick Ferri titled, "It?s Official! Guru?s Can?t Accurately Predict Markets." I provide the link for the article at YourIncomeGuru .blogspot.com on the post titled ?Pros Pick Stocks and Chose, and Then Lose? which is under 2013 February section.
Apparently , all of the "expert" stock pickers out there average a hit rate of around 48%.
Imagine your "investment strategy" was created up of the following process:
1. You put a list of all stocks up on your wall at random.
2. You have someone blindfold you.
3. You have them spin you around until you are extremely dizzy you can barely stand.
4. They hand you a dart.
5. You throw that dart at your wall.
6. Assuming you hit the wall, you write down the stock you hit.
7. Flip a coin. Heads signifies it?s a "buy", tails signifies it?s a "sell".
Congratulations
You have just beaten the results of the collective group of stock picking "experts" you see on TV!
As a point of interest, Jim Cramer, the crazy guy you watch on CNBC grades out at 46.8%. That means that betting against his advice is a long-term win for you.
So why do I share this with you?
Simple. Don?t make stock decisions determined by anything you see on tv. Make sure you sit down with a Retirement Planning Specialist so you can get good, solid information.
Remember, good information shared with good people results in good decisions. You aren?t getting good information from these "gurus", so plan accordingly.
Matt Golab
Matt is an Investment Advisor Representative as well as the Chief Advisor of Aaron Matthews Financial Resources located in Elk Grove, California.Click here to learn a lot more about Matt Golab and his company Aaron Matthews Financial Resources!
