While the conventional wisdom suggests a “don’t just sit there, do something” approach to investing, nothing could be further from the truth. New data from USA TODAY and online portfolio tracker SigFig show investors who actively trade their portfolios do far worse than those with a buy-and-hold approach. The takeaway? Don’t just do something, sit there.
TAG: Investor Behavior
With enormous resources at their disposal, institutional investors—the so-called “smart money”—should have an advantage in identifying tomorrow’s winning fund managers…but do they?