An extensive study of the performance of IPOs in the aftermarket showed underperformance over short and long term periods studied.
Over a 15-year period, more than half of actively managed funds go out of business or are merged. Many rankings don’t include these funds.
Some investors believe they can make money by finding patterns in the stock market – they call it “technical analysis.”
Much of the financial media peddles “financial news” of no value. Often, it’s quite harmful. Maybe that’s why it’s aptly called “financial pornography.”
The next time someone asks you how your portfolio is doing, here’s how I want you to respond: “I don’t know. I only check it every 5 years. I follow the Solin 5-year Rule.”
Whether you are a long or short-term investor, don’t rely on “gurus” who are anything but.