The Quality Of Investment Information Online

by Darren

IMHO, the quality is low, and high, all at the same time. You have more information than ever before. And that’s great, but it’s also the downside of doing research on the internet. It takes almost nothing for people to generate “information” for the masses online, much like I’m doing right now. The web is geared towards personal communications, so it doesn’t take much to establish a “personal referral” about a stock, especially if you appear to be an expert.

There’s no reason to take any company in the financial services business at face value.

Anyone who has a vested interest in gaining on an investment should generally not be trusted to give advice about that equity. But this situation is so common, it’s barely mentioned. Almost all stock commentators have financial interests in the stocks they tout.

This teaches us to take all financial information “with a grain of salt”. Yet, everyday we see people getting incredibly excited by typical info they see on stocks.

Just try to ignore the crowd and do actual research.