Australia: Investment insights - advice best ignored
Last Updated: 1 August 2014

Hello and welcome to this month's edition of Investment insights.

In this month's first featured article we ask the question, "When was the last time anyone received sound investment advice from the front page of a newspaper, a magazine or a television pundit?" Billions of dollars are spent each year on television advertisements, newspapers, magazines and blogs telling you where you should invest your money, what the next hot stock is or how the next global trend will make you a fortune. In this article from Bloomberg View, Barry Ritholz puts forward the following questions:

  • When has the mainstream media made a timely warning about an imminent recession?
  • Has the punditocracy ever correctly identified a bubble in real time?
  • When has the public perspective on market valuation ever been right?

His recommendation to deal with this bombardment of "advice" is simple. The next time you see someone blathering on TV, or read a newspaper headline blaring about the bubble, or perhaps you see a magazine cover warning of the impending recession, simply Google the track record of the forecaster. After you stop laughing, you can set about doing something more productive with your time.

If you're not sure what to do with that time you might want to take a look at the most recent article written by Daniel Minihan, our Director of Wealth Management. In this article, Daniel asks the question, "What's important about money to you?". The article also explains how understanding your values is a key driver in identifying your goals and puts emphasis on the importance of both establishing a plan and implementing it. With this in mind, he further explains the point by drawing on the analogy of keeping fit. We all know we need to keep fit, but few of us actually commit to it... at least until there is a compelling event to spur us on. To read the article click here.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
Font Size: