Wrong. When it comes to wealth management, most of these provide little to no valuable information. As a manager, it is very important to monitor the investments and make decision based on new information. By the time it is REPORTED on the internet or TV, it is old news that has already affected your investments.
The primary function of television is advertising, not information or entertainment. Without sufficient advertising, any channel will go off the air. Their job is to draw you to their channel so you see the advertisements (that companies have spent millions on to get you to see their product). The information, especially in today's turbulent markets, is creating an emotional response about investing, and financial decisions should never be based on emotion!
To hear the Smart Money Radio Show segment where Bruce discusses the influence of media on investors in today's market, Click Here! (about 7 minutes long)
To hear the full Smart Money Radio Show where Bruce discusses Private Wealth Management, Click Here! (about 25 minutes long)
