The following is a guest post. The opinions expressed are those of the author.
The Buy-and-Hold Myth
The most important article ever published on investing appeared in the Wall Street Journal on October 14, 2010. It was a column by Brett Arends titled “The Market Timing Myth.”
Before I give you a link to the column and quote briefly from it, I want to ask you a question. If you were in the market for a used car, would you go to a dealership without having done any homework and ask the dealer whether the cars he picked out for you was in his expert opinion a good choice?
That’s a bad idea, isn’t it?