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Don’t get conned by personal finance journalists

In the ‘Money’ section of a recent Sunday Times, one of the personal finance journalists gushed over some kind of supposedly high-interest bond from a company called BM (Birmingham Midshire). Curiously, in the same edition there was a nice expensive half-page ad from BM advertising the product puffed by the journalist. A coincidence? If you think so, then you deserve to lose your money. Remember, to keep their jobs, personal finance journalists have to push the products which spend most on advertising with their publications. The products they recommend are often those which are best for them, not for us.

I criticise these jouranlists in my book Pillaged!. That’s why they refuse to mention it to their readers. So please, don’t waste your savings by believing the false advice of your favourite personal finance journalists.

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