New Study Demolishes One Of The Myths Of Buy-And-Hold Investing

This new paper from Mebane Faber of Cambria Investment Management takes on one of the myths of buy and hold investing: That if you're not always in the market, you'll miss the really good days that make up most of your gains. (Source: Business Insider)

My view. The market was flat from 1969 to 1982 and from 1999 until now. That's 25 years out of 42 that the market provided zero returns (excluding dividends).

Long-term does not exist. Buy-and-hold is a crazy strategy. The only sensible way is to invest in line with the trends of the business cycle.

I am inviting you to review my videos on www.peterdag.com. They are free and they show you how asset prices change as the business cycle moves from phases of strong growth to weak growth.

These are the issues I deal with in each issue of The Peter Dag Portoflio.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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