Sitcom Investing

A fickle stock market encourages good-humored mockery .

Recently , when I watched the premiere of a sitcom , an obvious omission breached television etiquette . Silence followed every exaggerated comedic set-up . There was no laugh track . Where were the premeditated giggles from the show ' audience? "Finally , the viewer determines the funny moment .

Then came to me , the writers of this show adopted a new aspect used by investment news programs .

I 'll be the first to admit , in addition to the various print and electronic financial information , the TV offers a plethora of additional financial news . However , the shows often let me ask : " What is missing " Furthermore, the shows very well leave viewers with overall responsibility , which segment is entertainment and that is practical advice .

Perhaps you recognize any of the canned statements below show that investment gurus continuously utter . Although each application can be ( and in may cases vital for successful financial planning ) , note the missing " laugh tracks . "

How many times have you heard "Invest for the long term? " The analyst can leave " because I hope you like my last performance and short-term disaster I caused to viewers who actually acted to forget . Recommendation on my way "Long - term prospects of each investor is somewhat different to the other and you should always review the recommendations of the guests with caution . What is his or her reasoning for such a revelation ?

" Buy and Hold " . The missing part: " because I have to recommend no idea of an exit strategy . " True enough , the more successful investors are those who invest in a well-planned strategy and stick to it . They generally keep their winners. However, there are times that an exit strategy will dictate .

Finally, there is "Using Asset Allocation . " The missing part: " because I can not tell which trump historically does better in this particular market environment you. " There are many ways to achieve diversification in your portfolio and it does not always have to turn to the distribution of the stocks, bonds and cash . Depending on your specific goals , time horizon , and risk , an appropriate allocation may be derived from the use of only one type of asset. Anyway , there are no guarantees when you put your money in the stock market and it is best to recall the risks of each investment yourself. Try including real estate , collectibles and insurance in your overall financial plan.

We can all look at the latest investment to make financial shows. Gurus Maybe we can include airy follow - up statements like looking at a Rocky Horror film . We often enjoy the entertainment provided by television personalities , however , it is important to regularly monitor your investments. Always examine your motive behind each buy and sell.

In reality , your financial future is no laughing matter and should be guided by a thorough commentary. TV shows come and go ; your finances on a day an inheritance .

Wardlaw 's belief is that familiar life elements best illustrate practical investment strategies, not typical investment jargon . With this philosophy , the author financial planners / advisors , brokerage firms , magazines , and other investment information helps syndicates create informative and entertaining articles . For questions and comments please contact the author at