Tuesday, February 26, 2008

Investment Advice from CNBC

Television is made for entertainment and CNBC feeds off drama. The stock market can experience three straight down days and the news anchors on CNBC are talking about the next great recession. Then three days later when the stock market gains back its losses, those same news anchors are cheering the resilient bull market. This sort of bipolar behavior can lead to very bad financial decisions by an individual investor.

Then there are the CNBC guest experts offering stock picks, investment ideas, market forecasts, and analysis. Don’t believe everything you hear from these experts. For every stock tip you hear on CNBC, I guarantee you can find another expert offering the exact opposite advice.

No doubt, CNBC can be entertaining. Just don’t make your next major financial decision based off what you hear there.


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The articles on Daily Money Tips reflect the opinion of its author only and should not be considered professional financial advice. Please consult a financial professional before making any major financial decisions.