BADFISH II
12-13-2006, 05:00 PM
I make SURE my clients golf - NOT worry about bird flu, oil and gas prices, mid east meltdowns, elections, wars, etc.
YOU DO THAT TOO PLEASE! It's NOT timing - it's TIME IN! (think about it:dunno: )
Lower Your Handicap
We will have more to say on the behavior of markets and managers throughout 2006 after the final close on December 29, but we couldn't resist the urge to bring a recent item to your attention. In a cover story recapping the past year and reviewing the prospects for 2007, Barron's reporter Michael Santoli pointed out that US stocks were on track to deliver above-average rates of return for 2006 but questioned whether market participants were enjoying the results since so many professional investors were having a difficult time keeping up with broad-based market benchmarks.
"More than 70% of active large-cap fund managers were trailing the market as of October 31," he observed. "To have exploited the year's twists and turns fully, one would have had to bet heavily on a commodity boom until May, a sharp slowdown and commodity bust into summer and a recovery led by consumer spending this fall."
Or one could have owned a market portfolio, spent the year on the golf course, participated fully in every "twist and turn" the markets could muster, and outperformed most of the "experts."
Buy Vanguard or DFA (if you can get them) funds, balance your portfolio, keep it on track once per year roughly, and GOLF - or should I say BOAT:thumb:
YOU DO THAT TOO PLEASE! It's NOT timing - it's TIME IN! (think about it:dunno: )
Lower Your Handicap
We will have more to say on the behavior of markets and managers throughout 2006 after the final close on December 29, but we couldn't resist the urge to bring a recent item to your attention. In a cover story recapping the past year and reviewing the prospects for 2007, Barron's reporter Michael Santoli pointed out that US stocks were on track to deliver above-average rates of return for 2006 but questioned whether market participants were enjoying the results since so many professional investors were having a difficult time keeping up with broad-based market benchmarks.
"More than 70% of active large-cap fund managers were trailing the market as of October 31," he observed. "To have exploited the year's twists and turns fully, one would have had to bet heavily on a commodity boom until May, a sharp slowdown and commodity bust into summer and a recovery led by consumer spending this fall."
Or one could have owned a market portfolio, spent the year on the golf course, participated fully in every "twist and turn" the markets could muster, and outperformed most of the "experts."
Buy Vanguard or DFA (if you can get them) funds, balance your portfolio, keep it on track once per year roughly, and GOLF - or should I say BOAT:thumb: