According to Market Watch of the Wall Street Journal, here are ten things you should avoid buying this year:
1. Cable TV
Cable television’s heyday is over. Subscribers have been declining since 2004, and analysts say there’s no end in sight. Roughly 54.8 million households currently pay for cable TV, down 3.3% from 2012 and down 17.6% from a decade prior, according to research firm IHS. Cable companies are expected to shed roughly 1.3 million subscribers in 2014.
The decline is due in part to so-called cord-cutters: consumers who are canceling cable and transitioning to lower-cost services, such as Hulu and Netflix NFLX +0.66% , which provide much of the same programming at a fraction of the price. Using an Internet connection, consumers can stream many cable shows, news programs and sports games, as well as movies, directly to their TVs. Some channels’ websites also provide viewers access to their shows. (MarketWatch recently launched a calculator — Are you ready to cut the cord? — that allows consumers to find the shows they normally watch through such lower-cost options.)
These services are mostly beneficial for people who do not mind watching shows after they’ve aired and are willing to part with most live programming.
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