Set forth below is the text of an e-mail that I sent to John Hayward, author of the Doctor Zero blog, on January 22, 2010.

John:

My name is Rob Bennett. I write the “A Rich Life” (http://arichlife.passionsaving.com) blog. 

Like you, I often write about middle-class concerns (although I write about personal finance rather than politics).There’s no one I know of who possesses a sharper understanding of middle-class political concerns than you do. Your blog entries have helped me sort out my own thoughts on numerous occasions. 

I would like to let you know about an issue that APPEARS to be a personal finance topic but that in reality is a political one. It is the question of whether investors should follow a Buy-and-Hold strategy. The reality is that this strategy was discredited by the academic research 30 years ago. The Stock-Selling Industry continues to promote it because it puts millions in their pockets and because they don’t want to acknowledge the human misery they have caused by failing to acknowledge the mistakes they have made over the past three decades.

I need help in getting this message out. If you have any interest, I hope you will contact me so that I can share with you what I have learned from working this issue full-time (as a blogger, with no compensation) for eight years now. The issues are simple. The implications are far-reaching. We could help millions of middle-class people if we could create a place where they could gain access to accurate and honest reports on what the academic research says about how to invest effectively. I think this is possible if we could get the word out about this on Tea Party and Sarah Palin blogs. As you know, there are a lot of people hurting because of the economic crisis, which I believe was caused primarily by the reckless promotion of the Buy-and-Hold idea.

I have written a Google Knol entitled “Why Buy-and-Hold Investing Can Never Work” that provides some background.

Thanks for listening. You are touching the hearts of a lot of people and educating a lot of people about things that they need to understand to make sense of things happening to them. I wish you all the success in the world with your blog.  

Rob

http://arichlife.passionsaving.com