Advice of the Financial Press
It would be a serious conflict of interest for the financial press to advise its readers to seek out professional financial consultants and then follow their advice. Such recommendations would not sell airtime or publications. Rather, the financial press has a self-interest in claiming that investors can find the right mutual funds all by themselves. That is, with the ongoing help of the financial program or magazine.
In this section of your subscription, you will find critiques of the mutual fund recommendations of some of America’s most touted publications, including the media’s worst fund rating performance ever, as well as a classic example of the front-running media hype of a fund.
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