November 18, 2014 Fact of the Day: How do 25 Million Plus investors gather investment news?
Where do investors with more than $25 Million go to for their financial information?
Most of these individuals turn primarily to their financial advisor (70 percent.) for financial information. But they also turn to other sources. Forty six percent will read the daily financial press while 42 percent will watch cable news shows. Another 36 percent check out the websites of financial providers….other than those of their financial advisor. About 16 percent read financial blogs.
How can you emulate the ultra-wealthy?
1. Read the financial press….be it the Wall Street Journal or something even more investment oriented such as Forbes. Any of these periodicals will point out industry trends and educate you about issues that may impact the markets.
2. Watch the financial cable news. Whether you like to watch Kramer or even Shark Tank….or watch Opening Bell…these provide you with the opinions of experts…that you can than ask your financial advisor about.
3. Thinking about an investment? Research it on various websites.
4. Finally….ask your financial advisor for his or her opinion. Whether you decide to rely upon his or her advice or not…sometimes advisors have access to information you may not be aware of….or just experience with specific types of investments.