Investing Theme Du Jour:
“Dynamic Asset Allocation”
As a result (I assume) of subscribing to The Wall Street Journal, I’m treated to a steady stream of junk mail pitches from various mutual funds, money managers, etc.
The latest: a Boston-based firm that claims to deliver superior returns based on their prowess at “dynamic asset allocation.”
In a nutshell, they promise to maximize their clients’ exposure to bull markets, wherever and whatever they may be, while simultaneously avoiding bear markets.
I think that that used to be called “market timing.”
It’s hard to beat Mark Twain’s advice on that subject: ‘only buy stocks that go up. If they don’t go up . . . don’t buy ’em.’
