New Year forecasts can seriously damage your wealth

Article Abstract:

It is important to be extremely cautious when acting upon forecasts about financial market movements. Indeed, financial market forecasters are in almost all cases no more successful in accurately predicting market movements than amateurs. Research indicates that the most successful short-term predictions are made by simply assuming that the performance of financial markets in the next year will be the same as in the previous year. Most ordinary investors should focus on making appropriate long-term investment decisions.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Forecasts and trends, Exchanges, Financial markets

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Investments

Article Abstract:

As many as a third of all financial advisers in the UK are giving bad and unsuitable advice, according to a survey in 'Which?' magazine. Most commonly, they consider their commission above the suitability of a financial product in investment terms. It is clear that many people are still not well informed enough to be able to known when they are being deceived by a well trained and highly motivated salesman.

Ethical aspects, Investment advisers

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