investment knowledge. The Internet is like that, with its virtues of freedom and its shortcomings of dangerousness. This is not a university where teaching is regulated, where you have to accredit an academic background and/or pass entrance exams. This is like the street of a neighbourhood, that is a financial district. It is like life itself, where we will find ill-educated people we would rather avoid or mediocre investors/advisors who will be a bad influence. We will see websites of financial institutions with flamboyant virtual neon signs, modest little bars or even real financial brothels that prostitute their employees to clean the pockets of the most candid and/or vicious investors, in exchange for advice and services. brokerage more than guarrindongos. Anyone can give advice on how to invest, even those who do very badly, win or lose. But you can learn even more on the Street than at University. However, we will also find Friends, Analysts, Gurus, Colleagues, Advisors, Brokers, Apprentices, Teachers, Amateurs, Specialists and even Counsellors from whom we will obtain many benefits, not only economic ones. To paraphrase a comparison of my admired JMDV in which he said that «Coca-Cola is the poor man's Moët.«I would say that financial blogs are the University of small investors.
Welcome, then, to the world of finance through a
medium so popular, free and interactive despite its drawbacks and dangers. In my opinion, its virtues outweigh its defects. And if not, just ask the majority of young people who share and learn experiences and lessons through these blogs. Some of them will have bad experiences because they have known, read or learnt bad arts that have harmed them. But, heck, we have also been harmed by some of our teachers throughout our formative years! This is the price to be paid for the universalisation of financial knowledge, the globalisation of investment experiences, etc. Thanks to this unstoppable phenomenon, the Establishment The financial system will receive more and better criticism, and it will have no choice but to improve in every way.
It is true, however, that this ease of access to self-taught methods can lead to reckless «...the use of self-taught methods can lead to a lack of confidence".«Juan Palomo... when I buy they fall plumb down!»Believing themselves to be self-sufficient and saving as much commission as possible, they will not be able to invest better. But some of them will be able to invest on their own with the knowledge they were able to access academically, if they add the good that the network offers them. Unfortunately, this inducement to invest in the Juan Palomo is reckless for many (I would say the majority), who will not reach the minimum level not to leave. cyclically The most capable ones will eventually be cured of their mistakes and not be ruined for good. Only if they learn from their mistakes and don't ruin themselves for good will the more capable ones eventually become more mature.
Nevertheless, I repeat that in our opinion the benefits outweigh the disadvantages. We modestly try to contribute to advise from our experience so that the readers can avoid some mistakes in their patrimonial approaches, and can improve by avoiding some scars. In all likelihood the rest of bloggers have similar motivations and I would not believe that advertising revenue is the motivation of any of those in Rankia, as some seem to think. Revenues that, by the way, this blog has always renounced and that we would not even know how to quantify. It would be absurd to give philanthropic advice to small and medium investors, and at the same time share the advertising income with Rankia. We think it is better that this money contributes to maintaining this blog. financial district where we can all freely share advice and experiences. Some useful and some polluting, but all of them well-intentioned, free and accessible.
Coca-Cola is the Moët of the poor, as I used to say JMDV, but in some financial blogs we can find authentic Moët Chandon in recyclable Coca-Cola glasses..
Here's to Juan Palomo, his prudence, humility and also to the honesty and independence of his future advisors.
And I'd much rather do it with Moët in a Coke glass than with cheap sparkling wine in elegant bottles and fine crystal glasses.