Dante Vitoria: Trusting Financial Influencers with Investment Advice
Why T.V. Personalities Are Not the Average Investor
It is tempting for individuals to seek investment advice from business savvy entrepreneurs as they possess a complex and sophisticated understanding of the market. However, despite their advanced knowledge, investors are not likely to benefit from the advice of public figures for a multitude of reasons. Dante Michael Anthony Vitoria — Founder, and CEO of the Vitoria Group states that although they generate a tremendous amount of wealth annually, their long-term objectives vary significantly from the average investor. Following the guidance of individuals who claim they can predict market fluctuations is guaranteed to lead to negative financial consequences. Dante Vitoria urges individuals to consider the following factors before listening to the advice of television personalities:
1. It Is Impossible to Consistently Forecast Market Projections
The stock market is unpredictable and random, so it is unlikely an individual can accurately foresee long-term market projections. Unfortunately, individuals who claim to have all of the answers are often inaccurate in their predictions. There is a multitude of variables such as taxes and commissions costs, which are often not taken into consideration and will impact one’s total earnings. Individuals looking to generate a significant profit need to analyze long-term objectives and invest according to their personal financial goals.
2. They Have Access to a Wealth of Financial Opportunity
According to Dante Vitoria, tv personalities, such as Jim Cramer and Warren Buffett’s investment motives differ significantly from that of the average individual. Likewise, they have access to a wide range of financial opportunities that are not available to individuals who fall beneath their tax bracket. As a result, their general approach to investing will vary from the average investor, as they can take a substantial risk given their social and financial status.
3. Different Long-Term Financial Objectives
Due to the variance in net worth, extremely wealthy individuals often have different long-term financial objectives. Likewise, many self-proclaimed financial experts are not diversified and only invest in specific markets. As a result, they often lack the necessary knowledge to provide individuals with accurate investment advice.
Investors Beware
Dante Vitoria has over 30 years of business experience running his firm and urges individuals who are interested in generating long-term wealth to perform the necessary research before investing in the stock market. Because of the accessibility of financial advice, it is easy to fall for strategies that claim to ‘guarantee’ a generation of capital.
Many accuse financial influencers of ‘market manipulation’ which is the intentional deception of stock value to increase personal gain. As a result, investors should be wary of blindly following the advice of financial experts. Locating a reputable source of information can be a challenging endeavor, however, it is imperative that individuals make financial decisions that are within their best interest.
