Be Skeptical of the Financial Media

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You should be skeptical of the financial media as an investor. Their job is to entertain and create an audience for their employer, not to give you prudent and responsible investment advice. Make sure to read all the sources, and form your own personal opinions.

Published in: Economy & Finance, Business
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Be Skeptical of the Financial Media

  1. 1. Mullooly Asset Management Podcast August 14, 2013 Mullooly Asset Management August 2013
  2. 2. The Financial Media Bloomberg CNBC Marketwatch Wall Street Journal Many others as well Mullooly Asset Management August 2013
  3. 3. Motives of Financial Media To help you pick the best investments? …unlikely To make a profit? …sounds more like it Mullooly Asset Management August 2013
  4. 4. Financial Newspapers Financial Cable Channels Needs subscribers Subscribers bring them advertisers Needs viewers Want viewers to stay glued to their channel Mullooly Asset Management August 2013
  5. 5. How Do They Accomplish Goals? Polarizing opinions “After the break, we will discuss…” Sensational headlines Mullooly Asset Management August 2013
  6. 6. Bottom Line Be skeptical when reading, listening, or viewing financial news Nearly everything has an agenda behind it Mullooly Asset Management August 2013
  7. 7. None of the securities mentioned in this (or any) podcast or video represent past specific recommendations of Mullooly Asset Management. This video is NOT a recommendation to buy or sell any of the securities mentioned here. If you’re relying on a podcast for investment advice, you are likely making a huge mistake. We strongly urge our listeners to consult with their investment advisor before they make a decision to buy or sell any investment. Mullooly Asset Management August 2013
  8. 8. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management August 2013

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