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Bad advice

November 19th, 2006 at 11:49 am

Just in case anyone needed any more evidence that most "professionals" giving advice or managing equity investments are just guessing (and sometimes getting lucky), here's an illuminating graph from a recent article in the New York Times' Your Money section. It shows that the number of investment newsletter editors who were recommending a reduction in market exposure corresponded with the arrival of a good "buying opportunity". You can flash this graph at the next financial planner who tries to sell you a managed fund that charges exhorbitant fees based on an ability to "time the market" Wink

ps. The cartoon is also cute.

Posted in miscellaneous | 1 Comments »

1 Responses to “Bad advice”

  1. PRICEPLUS Says:
    November 20th, 2006 at 05:58 am 1164002324
    1164002324

    I invest long term mutual funds and ETFs and I index. I also dollar cost average. I prefer to hit singles rather than home runs. In the long run I expect to have a better batting average!WinkSmile

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