How to kick your addiction to financial porn

Financial porn is everywhere – it’s all the news and advice designed to excite investors and to keep them reading. ‘Click bait’ as they say. The easiest way to spot financial porn by its use of hyped language. When a stock dips 5%, it's in free-fall. When things aren’t running absolutely perfectly, it’s labelled a crisis. And when the outlook is promising, financial pornstars will play to your greed – ‘the next Apple’, ‘explosive growth’, or ‘the company is expanding into China which has a population of a bazillion’. But so what? A little hyperbole isn’t hurting anyone – right? Unfortunately, the exciting language of financial porn usually encourages risky behaviour and a short-term mindset. It steers you towards lottery ticket stocks which may have potential but where the odds of a payoff are very low. And it promotes active trading, which clocks up fees that eat into your return. Check out the 5 ways to kick the addiction: (VIEW LINK)