Financial media's goals conflict with investor interest

Martin Krikorian, president of Capital Wealth Management, writes in the Sunday Lowell Sun of Massachusetts that the financial media’s goals conflict with those of investors.

Krikorian writes, “much of the financial media also operates with an agenda that may not be in the best interest of investors. The media has one primary goal: to attract viewers. The media also knows that many investors think that in order to invest successfully, they need to know the future. As a result, all day long, CNBC and other financial stations trot an endless parade of ‘investment gurus’ who tell investors what they want to hear — e.g., where the market is headed, what interest rates are going to do, where to invest.

“It doesn’t matter whether the source is right or wrong, or even whether it has a clue as to what’s going on. If these experts don’t always sound like they know exactly what’s going to happen, you won’t watch their program. And if you don’t watch their program, they (and not you) will go bankrupt.”

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