![]() That is the beauty of financial newsletters. You don't want to be another investor jumping on an overvalued stock about to pop.īut finding companies set to boom is an arduous task. After all, you want to be like Warren Buffett, who conducts research and is an early investor in companies poised to boom. The secret to smart investing is knowing more than the investor next to you. They get sucked into companies that look profitable but lack potential. When investors fail, it's because they don't make research a priority. I know, because I work in a room filled with experts paid to conduct research. One of the earliest lessons any analyst learns it that research has value.Ĭonducting research takes time, energy, and money. So, unlike brokers who profit no matter how well (or poorly) your investments perform, these people have plenty of skin in the game - just like you. Their reputations rise and fall based on the accuracy of their predictions. While not every resource you come across will be reputable, the truth is most financial newsletters are fully staffed by honest and hardworking researchers who are determined to unearth major investments. I'd go so far as to say they're necessary for anyone who truly wants to take control of their finances. But I eventually learned that this kind of paranoia was a mistake.įinancial newsletters, I've come to learn, are an incredibly valuable tool for novice and seasoned investors alike. In fact, I used to be one of these people. Unfortunately, financial newsletters are one of the first resources these investors turn their backs on. These investors are fearful, assume the worst of people, and worry that any resources coming their way are some kind of scheme or a scam. That is, paranoid investors who turn against many of the resources that could help them. ![]() In my line of work, I see this kind of thing happen every single day. Paranoia can be a profit killer, in the sense that it prevents you from taking action. History is rife with examples of financial entities taking advantage of customers, so it's only natural to be wary of anyone in the business.īut when wariness turns to full-blown paranoia, it can often be more harmful than helpful. People should always be skeptical when it comes to their finances.
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