May 21st 2009 archive

A premature obituary for “buy and hold”

By John Ameriks on May 21, 2009 9:00 am

From the Wall Street Journal (subscription required) to the cartoon people interviewed on TV with zippy music, a recent theme in the financial press is that it’s “madness” to build a portfolio using the traditional method of setting an asset allocation and sticking with that strategy through market choppiness. No, these experts say, the market crisis proves you need to day-trade your way to investment success.

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