A recent conversation with another Financial Advisor led me to revisit a post I wrote just over a year ago about Diversification. This particular Advisor was having second thoughts about the investing philosophy he had been sharing with his clients for years.
Namely: long term stocks go up, buy and hold is the best strategy and it’s futile to try and time the market. He was particularly frustrated with the fact that many asset classes seem to be highly correlated nowadays. It seems that the market is always in a “risk on” or “risk off” mode where everything either rises …Read More