October 14, 2022
Advisers make the most money for themselves when you, the investor, is fully invested. There is absolutely no incentive for them to try to time the market. You have all heard them say that market timing does not work and adds no value.
At this time, we know that their rhetoric is not correct. Market timing does work very effectively as long as you never are either fully invested or totally in cash for an extended period of time.
At times like we have today, investment advisers spend most of their time trying to calm your nerves by providing long term trends of the market. What you really need from them is more fundamental analysis and portfolio management and a lot less hand holding.
My recommendation is to learn how to invest yourself. This will ultimately save you from the high management fees and enable you to be more pro-active with your asset mix.
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