Beware of Stock Advisors!!!

A lot of stock advisors have recently sprung up just like how they surfaced during the previous boom.

They mostly use technical tools and advise their client for day trade or medium term stocks and rarely for long term stocks.

No problem but one should follow them albeit with a pinch of salt. When market is rising all tips will work irrespective of their advice.

But when market is on decline all these shops shut down and wait for the next boom to re-open!

So it’s always better to do your own research because in the long run you will be equipped with knowledge. Blindly following the stock advisors won’t fetch any knowledge.

Conclusion is that it’s fine to be client of stock advisors but don’t follow them blindly. Do your research before investing because at the end of the day what maters is your money and how much knowledge you have gained.