Market Maven Predicts Next Stock Market Crash, Click Here…Nooo!
05/27/24 • 9 min
Investing headlines are designed to get you to click. The more extreme the claim, the more likely we are to do what we all know we shouldn’t. What could happen to you when you push that button? Jeff Harrell tells a story about what one investor experienced after “taking the bait” and clicking on a doomsday investing headline.
A second story in this episode illustrates one of several creative schemes unscrupulous scammers use to prey on investors’ emotions—for their profit and your loss.
As you surely know, most of us are strongly motivated to act based on feelings of fear or greed. Buyer beware that swindlers in the financial arena are well aware of this too, using a variety of crooked tactics to exploit others for their gain.
The investing stories in this episode will make you want to do a better job of controlling your emotions when it comes to making investment decisions.
(Season 1 Episode 11)
Other Episode Referenced:
Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com
Investing headlines are designed to get you to click. The more extreme the claim, the more likely we are to do what we all know we shouldn’t. What could happen to you when you push that button? Jeff Harrell tells a story about what one investor experienced after “taking the bait” and clicking on a doomsday investing headline.
A second story in this episode illustrates one of several creative schemes unscrupulous scammers use to prey on investors’ emotions—for their profit and your loss.
As you surely know, most of us are strongly motivated to act based on feelings of fear or greed. Buyer beware that swindlers in the financial arena are well aware of this too, using a variety of crooked tactics to exploit others for their gain.
The investing stories in this episode will make you want to do a better job of controlling your emotions when it comes to making investment decisions.
(Season 1 Episode 11)
Other Episode Referenced:
Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com
Previous Episode
My Investment Advisor Is Doing a Great Job…Are You Sure?
Nothing is more important than trust when it comes to financial advice. Unfortunately, the complicated nature of investing results in everyday investors having a difficult time identifying misleading tactics.
Jeff Harrell shares two true stories—that infuriate him to this day—about deceptive information he discovered on real client investment reports.
Do you fully understand how to interpret your returns in your performance reports?
Jeff also outlines what you should be getting from your financial advisor, in the form of investment reports illustrating your returns compared with proper benchmarks.
(Season 1 Episode 10)
Other Episodes Referenced:
- Past Investment Performance Matters...Does it Really? (S1 E6)
- Stock Market Experts on TV Are So Smart...But Can They See the Future? (S1 E9)
Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com
Next Episode
Investment Stories Are Like Social Media…Breeding Grounds for FOMO
Every investor at some point will experience FOMO (fear of missing out). Friends, family, and “experts” influence our investment decisions due to this feeling of FOMO which is rooted in our feelings of fear or greed. Arm yourself with stories of failure and actual data points to help keep you from succumbing to this common investor trap.
Jeff Harrell recalls one of his favorite investor FOMO examples that many listeners might remember, the GameStop saga of 2020, and reminds us how so many investors got caught up in the hype...to their financial detriment.
Jeff also cites statistics from a financial economics report that compared the investment performance of stocks to one-month Treasury bills. The findings are astonishing!
This episode will leave you wanting to ask yourself, honestly, “How confident am I that I can select one of the really big winners in the stock market?”
(Season 1 Episode 12)
Resource Mentioned in Episode:
- Journal of Financial Economics paper, “Do Stocks Outperform Treasury Bills?”
Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com
Invested Poorly: Sad Tales of FInancial Fails - Market Maven Predicts Next Stock Market Crash, Click Here…Nooo!
Transcript
Have you ever clicked on an article or read an email with a headline such as:
• “Huge Market Crash Coming as Credit Bubble Set to Burst”
• What about, “When the Government says, ‘Don’t Worry’, Then It’s Time to Panic”
• Or, “Stock Trader Who Predicted Last Crash Has New Warning”
• And of course, “Buy These 5 Stocks Now Before It’s Too Late”
Boy oh boy, did these articles drive me nuts when I was a financial advisor. You could always count on an
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