Best of the Week
Most Popular
1. Best Cash ISA Savings Account for Soaring UK Inflation - February 2018 - Nadeem_Walayat
2.Gold Price Forecast 2018 - February Update - Nadeem_Walayat
3.Bitcoin Crypto Currencies Crash 2018, Are We Near the Bottom? - Nadeem_Walayat
4.Trump Bubble Bursts, Stock Market Panic Dow 1175 Point Crash Analysis - Nadeem_Walayat
5.Gold Corrects, Bitcoin Markets Crash, Whilst Stocks Plunge - Nadeem_Walayat
6.US Treasury Bonds: Fuse to Light the Bonfire - Jim_Willie_CB
7.Dow Falls 666 Points As Cryptocurrencies Crash And Krugman Emerges From His Van - Jeff_Berwick
8.Stock Market Roller Coaster Crash Ride Down to Dow Forecast 23,000 - Nadeem_Walayat
9.Trading the Shadows - Oil, Dollar, Stocks, Gold Trend Analysis - B.R. Hollister
10.Stock Market Analysis: Baying for Blood - Abalgorithm
Last 7 days
Goofy Indictments Divert Attention from Criminal Abuses at the FBI and DOJ - 21st Feb 18
Bitcoin or British Pound ‘Pretty Much Failed’ As Currency? - 21st Feb 18
Stock Market Waiting for the Fed - 21st Feb 18
National Identity Demands Restrictive Immigration - 21st Feb 18
Best Opportunities for Freelance Technical Writing Jobs - 21st Feb 18
4% US 10-year Treasury Note Yield Will Be a Floor Not a Ceiling - 20th Feb 18
Governments Are LYING about Their Gold Activities while Mining Companies Cower - 20th Feb 18
No Silver Lining Here - 20th Feb 18
Semi Conductor Stocks SEMI Bearish? - 20th Feb 18
The Prisoner Promised Land - 20th Feb 18
Best Car Dash Cam Review: Z-Edge S3 Dual Dash Cam - UNBOXING (1) - 20th Feb 18
How Inflation Reduces The Real Value Of Social Security Net Of Medicare Premiums - 19th Feb 18
Could Stellar Lumens be a Challenger to Bitcoin for International Payments? - 19th Feb 18
US-China Trade War Escalates As Further Measures Are Taken - 19th Feb 18
How To Trade Gold Stocks with Momentum - 19th Feb 18
Is a New Gold Bull Market on the Horizon? - 19th Feb 18
Stock Market Decision Point! - 19th Feb 18
An Inflation Indicator to Watch, Part 1 - 18th Feb 18
Get on Top Of Debt Before It Gets on Top of You - 18th Feb 18
Will the Stock Market Make a Double Bottom? - 18th Feb 18
5 Reasons Why Commodities Are the Investment Place to be in 2018 - 18th Feb 18
1 Week Later, Stock, Bond Market Risk Remains ‘On’ as 2 of 3 Amigos Ride On - 17th Feb 18
Crude Oil Prices: A Case of Dueling Narratives? - 17th Feb 18
Free 1000 Youtube Subscribers Services - YTpals, Subpals, SubmeNow Test - 17th Feb 18
How to Trade as We Near March Stock Market Top - 16th Feb 18
Bitcoin as Poison - 16th Feb 18
GDX Gold ETF Weathers Stock Market Selloff - 16th Feb 18
Casino Statistics and Demographics - 16th Feb 18
IS Today Thee Stock Market Turn Day? - 16th Feb 18
Huge SMIGGLE Shopping HAUL, Pencil Cases, Drinks Bottles, Back Packs, Toys.... - 16th Feb 18
Tesla Cash Keeps Burning at $320 a Share - 15th Feb 18
Big Conflict Ahead in the Financial Markets - 15th Feb 18
Stocks Extend Rally Off Friday's Low, But Short-Term Exhaustion Near - 15th Feb 18
Stock Market Out on a Limb... - 15th Feb 18
Things Only a True Friend Would Say About Gold - 14th Feb 18
Global Debt Crisis II Cometh - 14th Feb 18
Understanding Crude Oil Behavior - 14th Feb 18
Stock Market is Getting Scary... - 14th Feb 18

Market Oracle FREE Newsletter

Urgent Stock Market Message

Why Watching CNBC Could Destroy Your Portfolio

InvestorEducation / Learning to Invest Mar 02, 2009 - 12:41 AM GMT

By: Nadeem_Walayat

InvestorEducation

Best Financial Markets Analysis ArticleAugust 2007 - Dow Jones 13,000 - What did the CNBC Talking Heads Recommend Investors Should do ?


Ned Riley - Himself 75% Invested in Stocks, recommends investing into the Big Banks and a viewer nearing retirement should go to 90% invested in stocks. Believes US stocks will rise by 9 to 11% per annum for next 10 years. If you followed Ned's advice your portfolio has now been wiped out!

Vern Haden - Waffles on without saying anything other than investors should remain allocated as is.

Peter Schiff - Poor Peter, right on the economy and financial stocks but wrong on many of his other investments - Says the Dollar will collapse, interest rates will go sky high, and invest in foreign stock markets and commodities, as of writing only gold has shined from Peters picks.

Lessons

1. If you watch CNBC, then TURN OFF THE VOLUME. That single act will improve the chances of your portfolio surviving more than anything else.

2. EDUCATE YOURSELF - Investment managers skim a % off your funds invested with them, usually regardless of performance. Investors need to take responsibility for their investments, if they cannot then leave them in cash deposits.

By Nadeem Walayat
http://www.marketoracle.co.uk

Copyright © 2005-09 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 250 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Attention Editors and Publishers! - You have permission to republish THIS article. Republished articles must include attribution to the author and links back to the http://www.marketoracle.co.uk . Please send an email to republish@marketoracle.co.uk, to include a link to the published article.

Nadeem Walayat Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

TraderJoe
02 Mar 09, 16:58
Ned Riley Wrong As Usual

Back on September 23rd 2008 he was at it again. He is clearly a perma bull who does not have a cliue what he is talking about.

http://in.truveo.com/Market-analysis-with-Ned-Riley/id/288230388004924459

After the volatility of 2008 he is recommending investors stay invested for the long-run, long-term opportunities.

Its a wonder that he has any clients left.


D.morneyfat
05 Mar 09, 09:01
CNBC broker comment

How do these PHuckas get away with it.I've had literally hundreds of broker firms cold calling me.I've learned to use the "f" word.


thowze
05 Mar 09, 18:38
Sage Piece of Advice

These talking bobbleheads only do what their corporate sponsors tell them to do, which 99.99% of the time is not in the best interest of the investing public. For anyone learning to invest, this article is good advice!


GolfGuy69
06 Mar 09, 05:47
How To Make Money

Whatever these CNBC Bozo's tell you do the opposite, your portfolio will be fine.

They tell you to buy a particular stock - SELL It Short

They tell you to sell a particular stock - BUY

This investment stuff is easy!


Mike S
08 Mar 09, 10:16
CNBC

You were entirely too kind to CNBC, given how horrendous that shill network is. If you watch You Will lose money. You were especially too kind to Cramer. I'm sure you recall Cramer told people to stay in BSC and LEH just a few days before they went belly up. BTW, I don't watch CNBC. I only know from researching archives for a book that will blast the media.

http://www.youtube.com/watch?v=gUkbdjetlY8

http://www.youtube.com/watch?v=bc8u8tX2jzI&feature=related

Or how about Kudlow and his idiots??


delatex
08 Mar 09, 22:55
CNBC's biggest JOKER.
I think you missed the biggest joker of them all, Mr. Larry (never gets it right) Kudlow.
A year ago, when the economy and market were clearly in trouble, he was singing his Goldilocks song, with the Goldilocks figure dancing across the bottom of the screen. Six months ago when the economy and market were crashing, he was stating that "they gave a recession and no one came". Now, when a number less negative than a so called expert guessed, he jumps up and down shouting, "MUSTARD SEED". Yes, he knows the lingo and he has memorized some economic equations and relationships, but he just doesn't know how to interpret the data, and of course, everything he says is biased by his overwhelming republicanism.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules