Can “Gurus” reliably provide stock market guidance? (TL;DR: No)

In my younger years, I was open to many different sources for information – from Investors Business Daily (IBD), to MSN Moneycentral, to Fool.com discussion forums, as well as paying for select newsletter subscriptions.

From personal experience, I haven’t seen paid newsletter subscriptions being worthwhile in terms of performance compared to just putting one’s funds into a passive index fund.  So, this begs the question – how does “free” stock market info / guidance compare?  Is there perhaps an independent study of how their stock recommendations perform over the long terms?

I happened to find this article this weekend – and it answers the question quite well, complete with raw reference data.  Enjoy!

http://www.cxoadvisory.com/gurus/

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