Investors continue to rely more and more on blogs for investment advice. A recent survey shows young investors rely heavily upon the Internet and Investment Blogs to manage their portfolios. The survey shows that:
(1) Turning to the Web: financial websites and blogs were the most influential external influences for both younger investors (49%) and those 40 and older (47%)
(2) More "Do It Yourself" investing: Almost half (49%) of those 40 to 65 have reduced or eliminated their reliance on financial professionals compared to 37% of investors aged 21 – 39
(3) Parents can help: Almost one-third (30%) of the younger group say their parents had the biggest influence in getting them started investing.
There is a handful of great investment blogs. Some of the very best and most popular are: The Pragmatic Capitalist, Bespoke Investment Group, Abnormal Returns, Seeking Alpha and Oil Traders Blog
Have a great trading day.
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