by Elliott Morss, Morss Global Finance
The Federal Reserve’s low-interest rate policy has eliminated the retirement income of many. What to do? I don’t believe in picking stocks. I take to heart the hypothesis of Paul Samuelson that new information on companies is almost instantly reflected in their prices. And I am certain that others will get new information before I do. On top of that, single stocks are more risky than groups of stocks. With all this said, it is true that many financial sites succeed by recommending individual stocks. I only hope their audiences are well-informed and only buy individual stocks with “entertainment” money.