“We help you get out of the market before it goes down too much and get you back in to get most of the recovery.”
I heard those words from a respectable, well meaning, deluded investment firm. Who wouldn’t want to get in on this? Avoiding most losses while getting most gains! Eventually you’d own the world! But…if there’s nobody who owns the world…maybe this doesn’t work.
In honor of Jack Bogle Day, let’s see what his company discovered: