I have to post this article published in the Globe & Mail, Tuesday October 11, 2011 by Preet Banerjee. Please click on the link and read the whole article.
Here are my favorite quotes from this article: “Everytime the market correction occurs, people starts second gessing themselves….While everyone knows they should buy low and sell high, the lower the price drop, the more poeple bail on that strategy, and essentially turn into buy high and sell low investors….The odds of becoming a successful trader are similar to becoming a professional athele…. The likelihood of a regular investor dumping their prudent strategy to try to beat the markets consistently through market timing and trading is about as wise as the average person droping their carreers to take a shot at making the NBA”.
“The truth is a well-diversified portfolio backed by an investment policy statement is going to be the most prudent approach to investing for most people.”
Thank you Preet Banerjee for writing these great common sense articles in our national newspapers.