Quote:
Originally Posted by CoachKandSportsguy
No one times the market perfectly, but having a win loss ratio about 55% and having small losses and larger gains is all that is needed. Its not for everyone nor for many, but that doesn't mean no one. The outcome isn't binary, but it is easy to confuse a bull market with smarts, versus luck. . .
Even the longest investment streak with Bill Miller had a single down year, but higher every other year involves some buying / selling (or equity timing) of individual stocks. . And that's the job of an active management fund, to buy and sell stocks for gains and minimizes losses.
The phrase "No one can time the market!" is a marketing phrase to convince/sell to the mutual fund / active management customers to give portfolio managers their money so that they can do it.
If you don't think you are being manipulated by advertising, just repeating that phrase means you are.
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The most important word in my post is
"claim," with the second most being
"anonymous." lol
I do fully understand though, your point about the marketing phrases used to try and get people to use a company to manage their investments. I have found that there is no one who is more interested in my investments and financial stability than myself, which is why I have never used anyone else.
I also didn't mean to imply that I never change funds/individual stocks, as I do occasionally depending on what I see/think are trends. With the advent of the internet and the massive amount of info that is now available, even for those of us who are not privy to what is basically (but legal) 'insider info' and microsecond trades - I can't imagine paying someone to manage my money.