It matters not what lines, numbers, indices, or gurus you worship, you just can’t know for certain where the stock market is going or when it will change direction. Too much investor time and analytical effort is wasted trying to predict course corrections— even more is squandered comparing portfolio market values with a handful of unrelated indices and averages.
Annually, quarterly, even monthly, investors scrutinize their performance, formulate coulda’s and shoulda’s, and determine what new gimmick to try during the next evaluation period. My short-term performance vision is different. I see a bunch of Wall Street fat cats, ROTF-LOL, while investors beat themselves senseless over what to change, sell, buy, re-allocate, or adjust to make their portfolios behave better.
Why has performance evaluation become so important short-term? What happened to long-term planning toward specific personal goals? When did it become …
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