Originally Posted by Pete
And let's not forget, it's also financial planners who are saying to diversify and rebalance.
Agreed. A good, fee-only financial planner will do that. But note this article is more about the pump-and-dump, active trading Wall Street analysts, not the "boring" financial planners who push such unprofitable concepts as indexing, asset allocation and rebalancing.
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)