4-minute Money Ideas

What You Need to Know About Financial News By Douglas Goldstein, CFP® - helping olim handle U.S., IRA, investment, and brokerage accounts from Israel Should financial news and media reports affect the way you make your investment decisions? Recently, a client said: “I just read about _________ (fill in Israeli company name) in The Jerusalem Post, and I’d like to buy 1000 shares.” I hear comments like this fairly often. Since I help people who live in Israel with their U.S.-based IRA and brokerage accounts, I am able to help them trade stocks. However, before putting in an order, I recommend that they ask a few questions before considering buying an investment. How accurate is the news? The media frequently misrepresents information. News reports are only as accurate as the journalist’s orientation. Therefore, it may be reasonable to assume you are not getting the complete story.   Is the information fresh? Once “hot” news reaches the general media outlets, it probably isn’t hot any longer. It might be warm at