MSN.Com just posted an interesting article from MensHealth entitled “The financial advice you shouldn’t take.” In it they quote, Dr. Richard Borghesi, Ph.D. who coauthored a study at the University of Southern Florida. In that study, the authors examined the performance of stocks recommended over ten years by Kiplinger’s and SmartMoney. The Kiplinger’s and SmartMoney so-called “expert” picks performed about 3 percent worse than the average stock. Why? Because the “so-called experts” picked stocks that were “hot” with “positive trends.” However, by publication their picks may have reached their plateaus. As a case in point, Tesla had a whopping 358% gain in 2013. Yet, that trend did not continue forever! As for today (i.e., 2/21/2014), Dr. Clark checked the results and found that TSLA (i.e., the symbol for Tesla Motors, Inc.) was down 0.18%!
It’s very simple to find out any matter on web as compared to books, as I found this piece of writing at this site.
I got this site from my buddy who informed me concerning this web page and at
the moment this time I am visiting this site and reading very informative posts at this
time.