08.31.23 Reviews: How Can You Trust Them? / Engaging Prices Now On Diamonds

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 31 August 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Reviews can help you make decisions on all kinds of purchases, from merchandise to services and travel. But how can you trust them? Clark offers some insights & guidance. Also today, unusual factors in the diamond market are affecting the price of traditional and lab diamonds. Insights On Reading Reviews: Segment 1 Ask Clark: Segment 2 Diamond Prices: Segment 3 Ask Clark: Segment 4 Mentioned on the show WSJ: Customer Ratings Have Become Meaningless. ‘People Hand Out 5 Stars Like It’s Candy.’ Trustpilot Review: Is Trustpilot Legit? Coverdell Education Savings Account (ESA): How They Work Best 529 College Savings Plans By State Vanguard Personal Advisor Review Comparing Hybrid Financial Advisors: Vanguard vs. Schwab vs. Fidelity The #1 Thing Clark Howard Hates About Solar Panels Are Solar Panels Worth it? 3 Things To Consider Before You Get Solar Panels Getting Engaged Just Got Cheaper as Diamond Market Adjusts The Best Time and Place To Buy an Engagement Ring How To Build Credit / Credit Karma Review How to Report Your Rent to Credit Bureaus The Best Time and Place To Buy a TV / ClarkDeals - TVs 4 Things to Know Before You Buy a TV From Costco Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's my pleasure to welcome you here at the Clark Howard Show where our mission is to
0:09.2	serve you so you're empowered with knowledge so you can make better financial decisions
0:14.6	in your life.
0:16.4	How do you decide which items to purchase, which restaurants to visit, which tour you
0:22.0	might want to take?
0:25.2	But how can you tell if you can really trust the reviews you're seeing?
0:31.0	I'm going to talk about that.
0:32.7	And also in this episode, diamonds, what's the old slogan, diamonds are a girl's best
0:38.7	friend?
0:39.7	Well right now the price of diamonds is a girl's best friend because the price of diamonds
0:46.2	is going down.
0:47.2	We're going to talk about that.
0:49.9	So I've been talking for probably five years or more about why five stars doesn't mean
1:00.0	anything anymore when you see reviews because so many businesses are paying these third party
1:09.9	services to write fake reviews, boosting how a business looks to a consumer who's just
1:19.3	doing a quick glance at let's say y'all per trip advisor or Google reviews, Amazon reviews,
1:28.3	whatever it is that this has become a big business to write fake reviews to boost the reputation
1:37.3	of a business.
1:38.6	There are also the seamy underbelly of this is where people will pay to have negative
1:45.6	reviews posted of a competitor.
1:49.3	Now what's clear to me over the years is that if you read reviews, you'll see that
1:57.1	the reviews you pretty much tell when the reviews are fake, the way they're worded that's
	...

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