Nowadays, it is common to invest in the stock market and related commodity markets. As such, the media is full of advertisements where so-called Gurus provide investment advice. Perhaps, the most common among these financial advice are “Stock Picks”, which is often mistakenly taken as a reputable source of information. For an average investor, who rely on expert advice, such stock picks are a potential goldmine because it seems that Gurus have done their homework. These financial guidance seems even more reliable when they are published in leading newspapers around the world. For instance, the leading Canadian newspaper, The Globe and Mail, provides stock picks. Similarly, CNBC is also famous for providing stock picks from Jim Cramer.
In a perfect world, advice from these experts should provide a viable investment strategy; however, a deeper look into the track record of these stock picks paints a grim picture. Not only some of the top investment Gurus do not have adequate investment profile to offer such advice, but their track record indicates failure. One of the well-known websites, which tracks investment advice of these Gurus, indicates that an investor can gain much better results without listening to the advice of the so-called Gurus in the media.
Therefore, investors should always look towards professional investment firms that are licensed to give such advice. For instance, Laidlaw & Company is a full-service investment banking and brokerage firm that offers personalized investment advice to high-profile investors. The 170 years of legacy enable professional investors to rely on the expertise of the firm. Under the guidance of Mathew Eitner, CEO, and James Ahren, Managing Partner, the company has over 150 highly-skilled employees who are licensed to deliver sound investment strategies. For more than a century, Laidlaw & Company remains a logical choice for professional investors.