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More time at home means many Australians now have the opportunity to re-assess their lifestyle and spending habits and set some serious saving goals. So how can you actually go about it?

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In this episode of The nestegg Podcast, host Grace Ormsby is joined by Melbourne-based Reventon’s Billie Christofi to talk all things finance and the impact of isolation on our hip pockets.

In stage 4 lockdown, Billie shares the importance of going back to basics when it comes to budgeting, methods to re-assess spending habits, and some of the less conventional ways people can boost their wealth at this time.

Thanks Billie, for sharing your insights with the nestegg podcast team!

Have an investment story to share? Get in touch at [email protected] and you might get featured on an upcoming episode!

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Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2020-09-02 02:50:12" ["slug"]=> string(43) "15670:capitalising-on-the-covid-19-pandemic" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(56) "/resources/podcast/capitalising-on-the-covid-19-pandemic" ["image"]=> string(43) "images/podcasts/Billie_Christofi_WEB_ne.jpg" ["image_alt"]=> string(0) "" } }

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How ‘fake news’ can impact your portfolio

By Aleks Vickovich

July 12 2017
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Invest

How ‘fake news’ can impact your portfolio

By Aleks Vickovich
July 12 2017

In an age where some online media can be deliberately deceptive, investors need to apply more critical thinking than ever before.

How ‘fake news’ can impact your portfolio

By Aleks Vickovich

July 12 2017
Share

In an age where some online media can be deliberately deceptive, investors need to apply more critical thinking than ever before.

‘Fake news’ is a term that gets thrown around a lot these days, especially by the US president Donald Trump.

But the real definition is not articles that have genuine mistakes or an opinion with which the reader disagrees, but a disturbing new trend where digital media companies are actively disseminating information they know to be false, for financial or political reasons.

News articles have long been a source of quality information for investors, who have sought to make informed investment decisions off the back of economic or political developments that affect markets, companies or sectors.

But with the advent of fake news, investors need to be especially careful, no longer able to rely on something just because it says the word ‘news’ on the masthead and looks legitimate.

This is the view of fund manager Raj Shant, a portfolio manager at Newton Investment Management, which is part of the BNY Mellon group.

In an analysis article published by Investor Daily, Mr Shant argued that fake news – along with that other favourite term of Mr Trump, ‘alternative facts’ – pose a threat to retail investors.

“Today, there is a proliferation of information, a good portion of which is unreliable,” Mr Shant said.

“We believe this increases the premium on trustworthy and quality providers of information, and on those who can interpret it.

“Fake news and alternative facts may be a very modern development in the battle for eyes and ears, but when it comes to investing, we believe the tried and tested methods of analysis still stand the test of time.”

The onus is now on investors to ensure they are verifying information and cross-checking facts, Mr Shant said, adding that social media can create “echo chambers” where investors are not getting access to balanced information.

Governments in Europe have proposed potentially cracking down on fake news operators. It remains to be seen whether similar legislative moves could occur Down Under, but in the meantime it’s best that investors apply critical thinking to all information and keep in mind that not all online media content is created with good intentions.

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