The mutual fund industry requires customers that buy their funds and never sell them. So naturally, they disseminate a lot of editorial decrying any trading, market-timing or re-allocating that includes selling their mutual funds. This non-selling concept gets more ridiculous and hypocritical every year as scandals continue to trickle into the news regarding brokerage firm and mutual fund behavior. It turns out that the professionals running the mutual funds do a lot of trading, market-timing and re-allocating everyday, but somehow if you do this on your own, youll ruin your portfolio.
Since an unfortunate vestige of mutual fund sales material is: you need to invest for the long-term. and That it is OK if your investments are going down because these are long-term investments. These phrases and beliefs destroy portfolios and compounded returns.
To me, investing is simply day-trading in slow motion. In my view, when people dont have an investing plan they use the excuse, Im investing for the long-term. But, I find that all the successful trading rules that apply to a professional currency trader with a leveraged $250 million position also apply to someone with $25...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
