be skeptical of the financial media
DESCRIPTION
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.TRANSCRIPT
Mullooly Asset Management PodcastAugust 14, 2013
Mullooly Asset Management August 2013
The Financial Media
Bloomberg
CNBC
Marketwatch
Wall Street Journal
Many others as well
Mullooly Asset Management August 2013
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
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
How Do They Accomplish Goals?
Polarizing opinions
“After the break, we will discuss…”
Sensational headlines
Mullooly Asset Management August 2013
Bottom Line
Be skeptical when reading, listening, or viewing financial news
Nearly everything has an agenda behind it
Mullooly Asset Management August 2013
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
Mullooly Asset Management, LLC
support (at) mullooly (dot) net
732-223-9000
www.mullooly.net
Mullooly Asset Management August 2013