In stock market, no safety in buy and hold anymore
Colorado Springs Business Journal › June 06, 2009
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Summary
The stock market "basically blew up in everybody's face," said David Twibell, director of wealth management for Colorado Capital Bank. "The world is different now in a lot of ways, and clients and investors want to know what the industry is going to do."
Modern Portfolio Theory held that diversification among asset classes was enough to protect a portfolio, and that the actual selection of assets was secondary, Twibell said.See the full content of this document
Extract
In stock market, no safety in buy and hold anymore
"But in the last 12 months, if you owned the right stock, you did fine - if you didn't, you got killed," he said. "The vast majority of investment advisers held onto, as gospel, that asset allocation mix was what mattered - enough stock...
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