{"id":68784,"date":"2020-03-12T17:44:54","date_gmt":"2020-03-12T09:44:54","guid":{"rendered":"https:\/\/nomoneylah.com\/?p=68784"},"modified":"2022-05-02T13:15:15","modified_gmt":"2022-05-02T05:15:15","slug":"the-hard-truth","status":"publish","type":"post","link":"https:\/\/nomoneylah.com\/2020\/03\/12\/the-hard-truth\/","title":{"rendered":"The Hard Truth: Why You Shouldn\u2019t Care About What Stock Investment \u2018Influencers\u2019 are Buying on Social Media (Especially at Times Like This)"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]So, the inevitable has happened.<\/span><\/p>\n

With the fear and pressure from Covid-19 pandemic and drop in oil price, the market has gone real bad.<\/span><\/p>\n

As an example, Dow Jones has just dropped by 20% from its previous peak and entered a technical bear market<\/a> earlier today.<\/span><\/p>\n

At the same time, for the first time since 2008\/09, the VIX (Market Volatility) Index had a daily close above $53. Also known as the Fear Index, this means that the market is generally in fear and expects huge volatility moving forward.<\/span><\/p>\n

In short, just like the story of \u2018The Boy Who Cried Wolf\u2019, the wolf has, in fact, arrived at our doorsteps.<\/span><\/strong><\/p>\n

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The VIX Index<\/figcaption><\/figure>\n

At times like this, it is not rare to see (more and more) social media stock investment gurus\/influencers posting about the stocks that they are accumulating at low for \u2018long-term investment\u2019.<\/span><\/p>\n

However, I am of the opinion that these posts, if not conveyed properly (as discussed below) are deeply irresponsible and you SHOULD NOT be taking 99% of these posts seriously.<\/span><\/strong><\/p>\n

If you have been consuming the content from these stock investment gurus\/influencers for tips to get over times like this, this is the cold, hard truth that you need to hear:<\/span><\/p>\n

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    Table of Contents<\/p>\n