The Flow of Useful Information
In today's global economy, we depend on a consistent stream of information through the proliferation of an overabundance of technical gadgets like BlackBerrys, wireless capabilities on PDAs, cell phones with Internet access and mobile television feeds. Each of these are tied to hundreds of information sources that allow us to instantly learn about worldwide weather conditions, sports scores, national and international news and the latest numbers and news from the stock exchanges around the world.
Information is key to understanding events around us and how our lives will be affected by the hundreds of thousands of fundamental issues that confront us on a daily basis. The trick is finding what's important and then separating that valid information from the flawed data before it distracts or guides us to make bad decisions.
This month's issue features one of the most well-known broadcasts journalists today, Maria Bartiromo of CNBC. Her ability to actively select what she believes to be the most important business news of the day has helped us create profitable investment portfolios for more than a decade. We try to do the same thing on the James Dicks: The Active Investor national radio program heard each day from 4 p.m. to 5 p.m. on radio stations from coast-to-coast and syndicated through the Business Talk Radio Network (or online at HYPERLINK "http://www.JamesDicks.com" www.JamesDicks.com). Our staff researches the news throughout the day to ensure we present the most important accurate information possible. There's not a lot of extra time to waste in today's society. So, we want to get the most valid and useful news out as fast as possible so you can make some critical decisions concerning your financial life.
We are indeed fortunate to live in a world that allows us such freedom. Freedom to gather information using the most advanced methods available. But more importantly, we have the freedom to actively use the same information to adjust the direction of our financial well-being. The method in which you receive information, whether it be from satellite or broadcast radio or television, magazines and books, the Internet, workshops and lectures, is not the main question. A successful final outcome is determined by what data you use and how you apply that information to your professional or personal situation.
Happy Investing!
Originally published in James Dicks: Buy*Sell*Hold magazine.