“The new dark art of timing the stock market”
by Steve Butler, OZY in USA Today, February 11, 2015
Keith Miller had that sinking feeling in 2008 when, nearing retirement, he watched his investment portfolio lose 40 percent in the market crash. That was it. For some 20 years, he’d hired financial advisers and sometimes done his own investing, but with the same results. “I don’t think the buy-and-hold thing really works anymore,” he tells OZY.
Now retired, the 60-year-old engineer, who designed mooring systems for offshore oil rigs, lives on a 42-foot sailboat anchored off the Florida Keys with his wife and their cat. And he sleeps well at night, after entrusting his nest egg a few years ago to one of the latest ideas in active money management: trend timing. The results, he says, are “pretty good.” Read more….