From a national (USA) perspective I see people obsess over the markets (as they should given it's their life savings at play). My observations is that the older crowds watch cnbc, fox business news, or NBR (rip [1]). In bad times watching this news brings a sense of panic to the boomer. In good times it still just raises their blood pressure.
~15 years ago I would read the financial times and watch Nightly Business Report on pbs after school. These days I stick to headlines and conspiracy theories... doubling down on surfacing sources through duckduckgo and twitter. I use the !bang feature so as not to limit my results to bing. Certainly not ideal. This results in much of the financial news I stumble upon seeming like a WWE act[2].
Are there any Paul Kangas like sources that I'm missing other than r/wallstreetbets?
[1] NBR is no more: http://nbr.com/2019/12/27/message-from-bill-griffeth-and-sue-herera/ https://variety.com/2019/tv/news/pbs-nightly-business-report-cease-production-1203401018/
[2] https://en.wikipedia.org/wiki/Professional_wrestling#Dramatic_elements
Yes.
> From a national (USA) perspective I see people obsess over the markets (as they should given it's their life savings at play).
Warren Buffett, John Bogle, and various other investing "gurus" would disagree with you here[1][2].
There's a great deal of evidence that day-trading, (individual) stock-picking, and generally trying to make predictions based on subjective market data is ineffective.
Many of the investors who succeed in this arena are using HFT, better predictive algorithms than we have access to, and a short-term mindset[3][4][5].
If you want to protect your retirement assets, check out Bogle's books, Boglehead communities, and other passive-investing strategies. These don't forbid anyone from active investing, but they say to minimize your active bets, never listen to brokers/money managers, and stick with industries you know well.
1. https://www.cnbc.com/2018/05/08/warren-buffett-says-he-never...
2. https://www.cnbc.com/2019/05/13/what-warren-buffett-and-kevi...
3. https://www.fool.com/knowledge-center/what-is-the-random-wal...
4. https://www.investopedia.com/financial-edge/0113/has-high-fr...
5. https://seekingalpha.com/article/2125833-how-to-beat-high-fr...