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Motley fool podcast mis advice

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Comments

  • dunstonh
    dunstonh Posts: 120,033 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Advice has to follow a range of rules and be a mixture of common sense and estimates as well as facts. Non-advice has to do very little. Motley Fool is not advice. So, you shouldnt expect advice standards.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    I used to look up share tips and Mötley Fool articles and their free guides. I don't bother now. It's more fun making your own decisions.

    Then if it all goes wrong you can only blame yourself.

    Exactly, because if it all goes wrong you will still blame yourself - for listening to Motley Fool :mad:
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • Ifts
    Ifts Posts: 1,960 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    edited 19 September 2013 at 3:49PM
    IronWolf wrote: »
    I used to read the Motley fool but after a while its just the same stuff repeated over and over.

    Plugging super investor Neil Woodford at every opportunity!
    The articles lack depth and insight on the whole.

    I do visit the site and skim over the articles, mainly reading the ones about the shares I'm holding or are on my watch list. What the articles lack in depth and insight the comments section usually makes up for it.

    Also some very knowledgeable folk on the Motley Discussion Boards (even if it is a bit of a minefield to navigate around when you are new to it).
    Never let the perfume of the premium overpower the odour of the risk
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    Ifts wrote: »
    Plugging super investor Neil Woodford at every opportunity!
    Yes I don't find that very helpful because they don't tell you what Neil Woodford paid for his shares. For all we know he could already have made his money and be ready to bail out.
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • Motley Fool recommended National Grid for ages. The price fell like a stone.

    I have recently topped up on my holding of UU. A nice buy and hold share for me paying a 5% divvi.

    Neil Woodford sold out of VOD which I don't think was such a great idea.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    Fair enough range of opinions, and I realise the multiple definition of the word advice.

    I was just disappointed that after explaining the absolute basics, there wasn't simply a. Brief discussion of collective investments which might be better for novice investors at least initially. This is partciulalry so as the first few minutes were spent explains terms that all but complete novices would be familiar with anyway.

    I must admit I don't like the current presenting guy and his mates, David kuo seemed more likeable to me, so this probably coloured my judgement as well.
  • gadgetmind wrote: »
    Make your first million using collective investments and only then look towards individual equities. :D

    make your first million in zimbabwe dollars :)
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    make your first million in zimbabwe dollars :)

    I have trillions in those dollars as the notes are very cheap on ebay.

    They are a fine lesson in why you don't do what Western governments have been rather busy doing for the last few years!
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
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