Hearsay is a dangerous thing. Taking decisions, especially investments decisions, based on hearsay can be detrimental to your financial health. But today, when information flows fast and loose, it is becoming increasingly difficult to separate the wheat from the chaff or to distinguish between sound financial advice and what is simply noise that could harm your investments.
Yet, increasingly, we see investors selling investment products based on the news flow of the day. If an investment product does not give the desired returns in the short term, it is considered prudent to sell it to avoid further losses. Nothing is further from the truth.
