“Investing” without a real plan is not really investing but according to the Wall Street Journal and other financial experts simply speculating.
One problem, as the above article points out nicely, is that a lot of investing advice today comes off the internet and here more often than not from rather questionable sources. For the less experienced it may actually be a challenge to spot a real investment opportunity from outright scams which are certainly not scarce nowadays, especially on the internet.
The WSJ’s financial expert Rick Ferri gives some good tips in regards to the commonly made mistakes investors make when they’re looking for investment advice. Check the article because it can help you to make better money investment decisions in the future.