Why Does Monkey Brain Think Public Knowledge Gives Him an Inside Investing Edge?
“There’s a sucker born every minute.”
–Michael Cassius McDonald
I use Google as the host for my e-mail. I pay a very low price for their business apps, and in exchange for the low price, I get to see their ads.
Usually, I ignore the ads because I’ve gotten used to them over the years and don’t see anything which particularly captures my attention.
Today was different.
I saw this ad:
I’m glad that I shave my head because if I didn’t, I’d start pulling my hair out.
Don’t get me wrong. I like the Motley Fool. They have some great advice there. I read the Motley Fool Guide to Investing or whatever it was called with the picture of the two founders dressed up as jesters way back when it came out. Their advice is pretty Foolish, with a capital F.
Still, headlines like this just make me cringe.
I’m also not calling The Motley Fool out on the carpet. I included them in my Ultimate Guide to Day-to-Day Finance for a reason. I am calling out the media (and, yes, I have a column for U.S. News & World Report, so there’s a hand in my mouth right now as I’m biting it) for putting out articles like this to give the people the impression that they have some sort of insider information which will help them get rich because now they have a stock tip.
News flash: you won’t get rich off of investing on these “insider” angles and stories.
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Jason Hull is a Fort Worth fee only, hourly financial planner who serves clients in Fort Worth, TX and Dallas, TX as well as serving clients nationwide.
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