Should you follow tips on shares?

You are bombarded with tips and advices everyday on which stock to buy and sell. What should you do?

“In March 2001, financial astrologer Christeen Skinner, professional investor Mark Goodson, and one other participant took part in a week-long investing experiment hosted by the British Association for the Advancement of Science to mark National Science Week. Each contestant was given a fictional £5,000 to spend on any four FTSE stocks.

Skinner, using planetary movements to select her stocks, lost £266.46. Goodson, using more traditional metrics, lost £130.32. The winner? Tia Laverne Roberts - a four-year-old girl from south-east London who chose her stocks by throwing numbers papers into the air.[Tia's shares included the Bank of Scotland, Sainsbury's, Diageo and Old Mutual; Skinner chose BOC Group, BAE Systems, Unilever and Pearson, which she said had "a good planetary wind behind them"; Goodson chose Vodafone, Marconi, Cable & Wireless and Prudential.]”


Human behaviour cannot be predicted. Distrust anyone who claims to know the future, however dimly (Zurich Axiom 4). Don't go blindly on other’s advice. Research on your own and trust your own judgement.

Nobody has the foggiest notion of what will happen in the future.

“On October 20th, 1929, the noted Yale University economist Irving Fisher declared that "stock prices have reached what looks like a permanently high plateau." Nine days later (October 29th, 1929) "Black Tuesday" arrived; the stock market crashed and America and the world were plunged into the worst recession in history”

Remember, the easiest thing in the world is to give advice. It doesn’t cost anything.