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    7 Tips to Help Spot 'Fake' Financial News

    by Jacob Schroeder, Manager of Investor Education, Advance Capital Management May 18, 2020 4 minutes

    Unless you live under a rock with no cell signal, your brain processes an extraordinary amount of information every day.

    Americans consume five times as much information as they did in 1986 -- the daily equivalent of about 174 newspapers -- a 2011 study found. Outside of work alone our daily intake is 34 gigabytes of information, or 100,000 words, according to a University of California, San Diego report. That's roughly the size of To Kill a Mockingbird.

    Our brains aren't equipped to handle such a deluge. This makes it difficult to decipher fact from fiction, or what is relevant to you and what is not -- an important distinction when your money is at stake.

    Daily headlines often have no bearing on one's long-term financial goals. So, for long-term investors,

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