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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Many financial pundits criticize a balanced approach. They say a buy,
> hold and reliance strategy is simple-minded and a relic of the past.
> Their solution is to be tactical, meaning aggressively move in and out
> of the markets. As it turned out, more than half the experts fail to
> time markets correctly and their portfolios have fallen short of the
> simple strategy they mock so much.
Nothing new here, but always a pleasure to read, and a couple of nice illustrations.