14 October 2013

Should you listen to the Experts and Investment Analysts?

When two reputable investment experts have diametrically opposed views on the same day (here, here)you have to wonder whether or not you should pay any attention to their opinion. News media as well as brokers and investment advisors constantly have to fight for the attention of current and prospective customers and can also rely on the fact that after a few days hardly anyone will remember what they said on a given day. Investors therefore are advised to stick to a well-thought-out investment philosophy based on their personal circumstances and requirements. They should focus on eliminating any avoidable risks as well as containing the annual costs and fees associated with managing their wealth.