Saturday, September 08, 2012

“Stop Me Before I Trade Again!” No. 2

John Bogle as quoted in USA Today:
 I was talking about buy and hold to some investment advisers, and one said, "I tell my investors to do this, and the next year, they ask what they should do, and I say, do nothing, and the third year, I say do nothing. The investor says, 'Every year, you tell me to do nothing. What do I need you for?'" And I told them, "You need me to keep you from doing anything."
So how do we convince nervous wealth-holders that successful investing is about as exciting as watching grass grow?

Related Post: "Stop Me Before I Trade Again!"

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