Most investors rely on stock tips because it is the easiest way to get into the stock market without doing much work or requiring much effort.
They will pick up comments like this, “I think Hongkong Land is very undervalued right now given the situation in Hong Kong,” especially from someone who they believe is a good investor. Even if it wasn’t meant to be a stock tip, it might be taken as one by the eager investors.
There are no shortage of ‘stock tips’ if one is actively looking for them. The sources include, but are not limited to, friends, the media, blogs and online forums.
We have not known anyone who has built wealth by following stock tips.
There would be a few good calls but these are often outweighed by many bad ones such that you cannot depend on tips to achieve a sustainable long term return