Have you ever read a newspaper or other media/social media article about a subject that you know really well? The chances are that you found some errors in it or even that you found it misleading. The journalist that wrote the article appears to know little about the facts or issues.

In our case, we know a thing or two about personal finance. When we read a newspaper article about finance, there are often many errors, it genuinely upsets us as we know that the incorrect or misleading article will be received by a large audience.

So why do we often read the rest of the newspaper or media articles from the same source as though they are more accurate when discussing various other topics? This is known as the Gell Mann Amnesia affect.

This article is for retail clients and is provided for information and educational purpose only and does not constitute advice.

The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.

Best Life Financial Planning Ltd is an appointed representative of Best Practice IFA Group Limited which is authorised and regulated by the Financial Conduct Authority.