Friday, January 21, 2011

Penny Packers Financial Advice: This May Be A Successful Blog Entry: Sources say

The CW recently alerted me that his loyal readers are in grave need of financial advice. I am not sure what has changed in the recent future that has lightened the pockets of Alt-Tab readers, but I may have a hunch. As the Alt-Tab’s resident financial analyst, I volunteered my services to help bring the readers back to prosperity through regular investing related blog entries (or any topic I see fit).
Side note & Disclaimer: since my day job does not require or include financial analysis of any kind, I fit the bill perfectly as I am the only “analyst” whose compensation demands fall perfectly into CW’s budget. You may wonder why you would take financial advice from someone with no experience and no prospects; well I was wondering the same thing (apart from the obvious fact that it’s better than the alternative Alt-Tab financial guru: The Maestro. That was, until I was researching my upcoming blog series regarding my investment picks and stumbled upon some cutting edge analysis.

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Look I’ll be honest with you I could barely make it through this article, but checking out this headline on the front page of CNBC couldn’t help but raise my blogging self esteem. If articles like this can grace the front page of CNBC, then I could probably churn out full blog entries of this caliber in the 3 minutes between the 7:00 and 7:30 Seinfelds each night. Nevermind the fact that this headline couldn’t tell us less – revenues may surprise investors? Of course this is according to the always reliable source, “Analysts” – the article doesn’t tell us much more. The evidence in the article to backup this very informative thesis is as follows: an unidentified list of analysts compiled by Reuters thinks revenues will rise, and the 1 random analyst CNBC could get a hold of thinks revenues will rise an “estimated” 9.1% (yeah and I’m “approximately” 9,739.5 days old). Thanks for the effort, now I’m convinced. I’m not sure the lack of any real information whatsoever is the disconcerting issue in this article. I think the really scary thing is the number of investors that would check out this headline and actually use it to make decisions – “Hey look revenues are on the rise according to CNBC who got the information from ‘Analysts’, it must be true!” No wonder no one ever skillfully the market, literally.

Look I may prove to be completely useless, or I may end up writing professionally done articles worthy of the top financial websites. Judging by CNBC’s standards, it’s possible both of these could prove true.