In light of the ‘financial meltdown’, the political issues, the scandals, and ‘fake news’, keeping yourself removed from media as much as possible may be good for you (and your investments). Every day the American public is exposed to multiple stories that may have an effect on them and their decisions. During the financial crisis, the media’s reporting caused wide spread panic as millions of Americans chose to liquidate their accounts out of fear ‘of losing their money’. Unfortunately liquidating in a down market versus waiting for share prices to increase before selling, caused many people to financially hurt themselves.
The newest and most popular way Americans choose to get their news is through social media.
The newest and most popular way Americans choose to get their news is through social media. Social media gives us only a small part of the information, and many times the information that we see (in the form of news) is paid by the advertiser. We get to participate in social media at no cost, but what we may see and read is being ‘sponsored’ by another source. It is up to us to investigate the validity of the news story and source and consider how ‘expensive’ inaccurate information may be to us if we react to it.When it comes to money and investing, being more diligent on what we choose to react to is our own responsibility. Many stories that we read (or listen to) are non-biased, while many others are biased. Taking the time to consider how your reaction to a media story may affect you is important to your financial health. If you’re concerned about financial decisions related to what’s being reported in the media, have a conversation regarding your investments with a financial advisor.
When it comes to money and investing, being more diligent on what we choose to react to is our own responsibility. Many stories that we read (or listen to) are nonbiased, while many others are biased. Taking the time to consider how your reaction to a media story may affect you is important to your financial health. If you’re concerned about financial decisions related to what’s being reported in the media, have a conversation regarding your investments with a financial advisor.
