Its not about being cynical.
It has everything to do with financial literacy.
Imagine how it would look if you go round helping your financially "illiterate" friends and family members; only to find yourself a victim of a fraud...
Stock Trading Whiz Kid” to Pay $1.5 Million to Settle Stock Newsletter Fraud Charges
Investment Newsletters Used as Tools for Fraud
Yes, there's nothing passive in verifying which investment newsletters are genuine, which are fraudulent in nature.
The ability to parrot the exact Investopedia definitions of financial terms does not make one "financially literate".
Can you figure out the reasons why people behave the way they do:
1) Hedge fund managers go on public media to share their investing thesis;
2) financial bloggers revealing their recent buys and sales;
3) sell side analysts plugging certain stocks of the month;
4) financial educators (who are not financially free themselves) ever so eager to help you achieve yours?
How to read people better?
Do they teach this in school?
Why yes!
Still remember your literature and history classes?
Oh yes! Watching Game of Thrones definitely counts!!!
Show me one successful and super rich business owner who doesn't understand human nature. Wink.
Singapore Man of Leisure (welcome to my blog; just google it!)
