Wednesday, March 13, 2013

Why I avoid web based analysis content

Just came across the story of Andy Zaky, the internet-educated investment advisor at seeking-alpha, who led a good number of investors down a road of heavy losses off the AAPL dip. While some may choose to crucify Zaky, his followers were largely victims of their personal resistance toward critical thinking.

*I personally avoid web content similar to that of seeking-alpha.

Reality of most Internet analysis content

The fact remains, those who make a living off analysis do so because up to this point, they have not been able to make more off actual trading. I have met traders/fund managers with more experience who really have little idea of how to make money trading since most of their income is generated off management fees.

Be diligent
No matter how economically comprehensive a forecast may appear, sound, or feel, it is necessary to do your own research about the actual valuations, potential big player interventions, etc. There is no way around it.

0 Reflections: