Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Hundreds of thousands, if not millions, HAVE read your stories. You have even bragged as such. Despite all those prolific posts, no one sitting here offering you even one dime. No one has for over 2 decades.
We need to change that, Anonymous. When people can earn as much promoting research-based strategies as they can promoting the Get Rich Quick/Buy-and-Hold stuff, the world will be a better place for all of us.
Where i’m coming from.
Rob
Buy and hold is based on research. Market timing is all speculation as there has never been one successful outcome. Why go on speculation when we all know what works and what has failed.
Buy-and-Hold is not based on research. Wade Pfau devoted 16 months of his life to the project of trying to find one iota of research showing that valuation-based market timing (price discipline!) is not always 100 per cent required for every investor. He of course came up empty-handed. There of course is no such research. It is a logical impossibility that there could ever be any. It’s like looking for a perpetual motion machine.
Rob
Wade Pfau was on a pod cast last year and he confirmed that market timing failed. Wade Pfau figured out that Rob Bennett was pushing a scam, so he cut off all communications. The peer-reviewed research confirms that only buy and hold has been successful and that market timing is merely a scheme.
Okay, Anonymous.
Rob