New research: Ban investment advice in the media

[dealmaker]

New research: Ban investment advice in the media
Many financial planners have long advised their clients to pay less attention to the media to avoid making investment mistakes, and new academic research is backing their counsel. In fact, the study goes further to say it may be a good idea to restrict public investment advice altogether.(Investment News)

 

[Xela]

Would they like to do the same regarding healthcare, while they're about it? That would arguably prevent even more damage. (But what about "free speech"? ).

 

[Handle123]

Oh yea, I smell a rat so that would force people to only call brokers who are sales people. Thank God for First Amendment and Baron be relieved as this forum would have to be stopped as well. When government puts in new laws, they always hurt "retail".

 

[clacy]

So we are going to limit free speech and disallow the media to report freely?

Sounds like a bad deal. Not that anyone will listen to it, but it's an absurd recommendation.

 

[lindq]

New research: Ban investment advice in the media

There's just this little item called the First Amendment to our Constitution.

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.

(As an aside, I note here that the Republican candidate for President of the United States has proposed violating at least two of the above mentioned freedoms. But, I digress...)

 

[i960]

"Study says even when people know the quality of the information is low, the 'noise' of it being publicly broadcast causes investors to lend it more weight, which distorts markets"

That's a people problem not a media problem. You don't ban things because people can't think for themselves, you let it get worked out on it's own.

 

[Covertibility]

If it was possible to ban low information broadcasts, FOXNews would've been shut down long ago!

 

[Frederick Foresight]

New research: Ban investment advice in the media
Many financial planners have long advised their clients to pay less attention to the media to avoid making investment mistakes, and new academic research is backing their counsel. In fact, the study goes further to say it may be a good idea to restrict public investment advice altogether.(Investment News)

And now if only investors would pay less attention to their financial planners...