Dumb Investing Ideas

No wonder the average investor significantly underperforms market returns that are theirs for the taking. After all, the financial media and the securities industry inundate investors with a daily barrage of new products and misleading information.

Here are some recent examples:

A dumb idea from Fidelity

As reported in The New York Times, Fidelity has introduced a new app that identifies publicly traded companies in your neighborhood. Presumably, the premise behind this app is the assumption that it makes sense to buy the stock of companies you know.

Read the rest of the article at The Huffington Post.