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Are sugestions given on SO CALLED EXPERT MEDIA ARE TRUSTWORTHY |
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Agupta
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| 16 October 2008, 22:34:03 |
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Dear Friends,
Most of investors take deceisions on their investment strategy by tips or advise of Famous TV Channels on business. Do u all feel that experts giving advise is trustworthy and not biased. Are they not creating panic.Are the markets really so weak and Indian economy disturbed.I feel the propoganda is biased to mislead retail investors who become pray to these tactics of big operators of stock market and the media advise should not be as trustworthy as a financial advisor's advise who is directly associated with an investor unless the advisor is a selfish one. |
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Re: Are sugestions given on SO CALLED EXPERT MEDIA ARE TRUSTWORTHY |
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I agree with your views. Leading business channel is playing havoc with sentiments of retail investors by broadcasting interviews with so called experts predicting new lows in indices and investors and traders are getting nervous |
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Re: Are sugestions given on SO CALLED EXPERT MEDIA ARE TRUSTWORTHY |
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Amal
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| 28 October 2008, 23:27:26 |
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I a very candid and a clear response will be “not always”. Do you think there is a free lunch out there and the media guys are out to do a community service? I am absolutely negative about this. Every bit of information is sponsored and what is tutored is what is parroted on the prime time. Just the other day one of the leading channel had run a prime spot on gold and the prices to jump to 15k during diwali, advising people to buy. Buy was good but the prices hitting the 15k mark missed in a big way. Similarly every channel worth its salt was painting a doomsday situation for crude oil when the international prices were galloping. You have the results before you so who would benefit, the answer is so simple with the kind of advertisements and the spots sponsored the benefit flows only to the traders and the banks dealing in this commodity.
Every time there is a mega launch of any thing you will have all the so called experts making hay. There are few really good ones but their numbers are so less that a common man would find it difficult to pick them up. What we who understand markets do is to listen to the din filter out the information what is required and use them to take the required decisions. What we need to understand is, all the situations, are more generalized .Every individual is unique and you need to custom fit a solution , be it finance, medical or any other situation. So a better course will be to find a good professional who will help you reach your goals, better pay and have a more accurate solution than to work on a trial and error method. |
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Re: Are sugestions given on SO CALLED EXPERT MEDIA ARE TRUSTWORTHY |
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Rajiv
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| 29 October 2008, 13:11:57 |
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Hi
I guess every participant is biased to a certain extent. For e.g., somone who is long maintains that position simply because he feels that the market is going to go up and vice versa.
Secondly, I have realised that in life and not just in stock market, if you take a decision basis someone else's advise and if things don't turn up the way you expected than you tend to blame the other party (the advisor!!!), whereas if you take a decsion basis your own judgement and then things turn up the other way, you try and figure out the reasons for it and make corrections if required. Thus I feel that there should be an element of responsibility on us rather than going by what someone else is saying.
Lastly, everyone holds the right to be wrong. We all know that no one can look into the future so if we believe that someone else knows...than we are fooling ourselves.
Happy Investing this new year!!! |
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