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Buy, Hold, and Rebalance

Rick Ferri (kind of like a broken record, but at least it's a great song) on Buy, Hold, and Rebalance:
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Nothing new here, but always a pleasure to read, and a couple of nice illustrations.
--
David S. Meyers, CFP®
http://www.MeyersMoney.com
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Reply to
David S Meyers CFP
David, thanks for posting this. I like the study that was linked. One of my favorite lines from it is, "[P]opular 'Mad Money' television host Jim Cramer had a 46.8 percent accuracy rating [when predicting market direction] based on 62 market predictions." Meaning Cramer could have flipped a coin and been correct more often.
I am reminded of the Hulbert study that found that the counsel from over 80% of financial newsletters resulted in a failure to beat the market.
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honda.lioness

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