On the media and the markets
We live in a world where information is available every minute of every day. Shown below is how often the terms economy or recession came up in media reports over the past five years. Note the intensity of coverage during the financial crisis of 2009. The height of headline frenzy came in March, 2009 in retrospect the bottom of the market, resulting in many investors exiting at one of the worst possible times to do so. The markets have subsequently risen by more than 50%. The bottom line? Short-term sound bites and news clips can cause us to lose sight of what’s important, and to take impulsive action when we need to remain calm.
Feel free to contact me or visit my website for more information.
Douglas J. Bodtcher
Investors Group Financial Services Inc.
780-448-1988 ext. 284
Douglas.Bodtcher@investorsgroup.com
Tags: investing, money tips
