August 18, 2011

Market Volatility Leads to Big Investor Mistakes

The month of July (and now August) must have been the worst nightmare for advisors who recommend market timing (otherwise known as tactical asset management) as the investment method of choice to their clients. Market timers, of course, have to be right two times - they try to predict not only when to get out of the market, but also when to get back in. This is an impossible task during normal times, and doubly so last month.

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