How Indian Media destroys Investors Wealth

The irresponsible Indian Financial newspaper media along with other broking intermediaries is equally responsible for destroying small Investors wealth. The over-heated markets have corrected and now the media tends to create panic amongst investors to lure them away from stocks / mutual funds into company deposits [recall the company deposit scam in early 90s]

The intermediaries / brokers are the worst financial advisers and we sincerely hope that Chandu Bhave, Chairman SEBI will start an operation crackdown on them. In 2006 these folks made people invest in Mutual Fund NFOs because they got 5% commission compared to 1.5% in SIPs. It is well known fact that only SIPs have created wealth for investors in the long run and most greedy middleman never advised them to their investors.

The bottom line is  atleast media should become more responsible on what they write in the papers read by millions of investors. Eventually I predict the fall of papers like Economic Times and others and rise of well known financial bloggers, just like the rise of Battelemedia and Techcrunch.