Is the Media Predicting Downturns Because They Care About Investors?

Today, Paul asks Ira a thoughtful question about how financial media covers the news: Is the media predicting downturns because they care about investors? Both Paul and Ira conclude that if these media personalities can’t beat the market themselves, and if they don’t sell off their investments when they make these predictions, then they’re encouraging you to bet your money on something that they aren’t willing to bet their money on. Paul cautions investors: When someone makes a correct prediction about a downturn, it makes them look “in the know” and works to further their interests. This is why working with an advisor is better than blindly trusting someone you don’t know. Later in the episode, Paul answers a listener's question about investing in BRICs.

 

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