“Take Away Market Timing From the Stock Investing Project and You Are Eventually Going to See a Price Crash/Economic Crisis. It’s Inevitable Once You Make the Market Dysfunctional/Price Indifferent.”

Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

Wade’s firm charges clients a percentage of their investment balance.  If your market timing scheme worked, they would follow it because they would think that they could make more money.  They see that timing hasn’t worked and that the last 2 decades have been a disaster for people like you.  That’s why they don’t push VII.  Results matter.

Market timing has always worked. The Bennett/Pfau research shows that beyond any doubt whatsoever. It is absurd to think that there could ever come a time when market timing would not work. Market timing is price discipline. Price discipline is the magic that makes market function properly. Take away market timing from the stock investing project and you are eventually going to see a price crash/economic crisis. It’s inevitable once you make the market dysfunctional/price indifferent.

The issue is that market timing only works in the long run. Get Rich Quick/Buy-and-Hold strategies often provide good short-term results. After the next Buy-and-Hold Crisis, when every internet site has been opened to honest posting re the past 41 years of peer-reviewed research, I am confident that Wade will do right by his clients. Most people who work in this field long to be able to be helpful to their clients. Open every internet site to honest posting and they will be able to make money doing so. It’s a win/win/win/win/win.

My sincere take.

Rob