Thanks for those kind words – a huge compliment coming from you man…

I use a long-term strategy that selects funds based on near-term performance. I use a newsletter to direct my decisions.

It’s a difficult topic to blog about because everyone has been told that an active strategy always does worse than a passive one. The “industry” wants us to believe this is always true, of course, so that’s what everyone hears.

Will tweet your post.

I run into similar disagreements when I say it is possible to “time the market” by being an active trader. Unfortunately, most people think that trading only involves the high risk day trading popularized in main stream media or by Hollywood. It’s true in some cases but it doesn’t encompass all traders.

Point being, that a “trade” doesn’t have a short time line. It can be a week, a month, or 5 years. All depends on your goals and investing methodology.

Obviously, as you outlined, when most people talk about “timing” the market they are referring to short term decision making. Usually this is done in an emotional moments, such as a quick drop or rise.

I found your perspective on long-term timing to be very eye-opening. I’m not yet in the market, but am always interesting in increasing my knowledge before I do jump in down the road!