MOST INVESTORS ARE NOT FACING
REALITY
Most investors have a similar view of the investing scene.
They hold the following beliefs:
♦ Buying a diversified basket of stocks and holding them for
the long run is the best way to invest.
♦ They can perform better than other investors, because they
are smarter than they are.
♦ Buy and hold is the only rational way to invest.
♦ Market timing is for losers.
♦ Dollar-cost averaging is a good strategy.
♦ Financial advisors, brokers, and so-called stock market
gurus should be consulted or followed to obtain the best
possible investment results.
♦ Tax consequences should always be considered in making
investment decisions.