I remember Mark Hulbert and his columns on Marketwatch. Here's an interesting article he wrote this past fall:
Hulbert on Investing: Can You Beat the Market? - WSJ.com
Quote:
It has always been difficult for investors to consistently beat index funds. It has been nearly impossible lately.
And there's a double whammy: The small number of advisers who outperform the market rarely can keep doing so.
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As McLovin says, looking at newsletters that point out last year's winners is a sucker's game.
Quote:
Some traders hold out the hope that they can beat the market by following the lead of an investment adviser. But it is close to impossible to identify these advisers in advance, according to Mr. Tint.
"The average reader of The Wall Street Journal simply won't be able to identify these market-beating advisers," he says. After all, "repeated studies have shown that even the best institutional investors have been unable to identify them in advance."
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I ask, once again, who has beat the index over the long-term? How did you select those stocks or managers? Who here actually invested with the hot stock or manager and what pointed you in that direction?
Knowing the hot managers is great, but they won't stay hot forever. How do we find the next winner?
Cheers,
Jurgen