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: Market Timing
After accurately predicting the Global Financial Crisis in 2008, Robert Rodriguez and Peter Schiff quickly came to be viewed as investment gurus who could provide shelter from the storm. Investors eagerly followed their advice in anticipation of the fortunes certain to follow. How did they fare?
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?