Is throwing darts at stocks better than “experts”? John Stossel’s recent show examines the myth that active portfolio manangement and market timing as often marketed by the financial industry adds value. Burton Malkiel, author of the most famous classic finance book A Random Walk Down Wall Street explains why “A managers ability to pick stocks in the past has “ZERO” correlation to his ability to pick stocks in the future.
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Wealth and Business Planning Group, LLC (The Financial Quarterback™) is a Registered Investment Advisor in the State of Florida that provides Fee Planning and Asset Management. Depending on your state of residence, Wealth and Business Planning Group, LLC (The Financial Quarterback™) may not be able to immediately provide services. For more information go to www.thefinancialqb.com. Richard E. Reyes, CFP is an Investment Advisor and President of Wealth & Business Planning Group, LLC (The Financial Quarterback™).