Jeff Sica takes an edgy standpoint on today’s market climate in his new Blog posted on FORBES:
“It’s the ultimate question on investor’s minds. Is this the beginning of the long anticipated correction? You will hear the long list of market cheerleaders proclaim the sacred strategy of buy and hold as the way to achieve investment invincibility while ignoring the fact that buy and hold has produced an anemic returns through out the last 14 years. When will they acknowledge the death of buy and hold? Probably never, as most of their careers depend on a steadily increasing market regardless of whether the appreciation is real or not.”
To read the rest of his new Blog post, please click here.
Jeffrey C. Sica is the President and Chief Investment Officer of Sica Wealth Management, LLC (“SWM”), an SEC registered investment adviser that maintains a principal place of business in the State of New Jersey. The information presented herein may not be suitable for all investors, and no portion of this commentary is to be construed as a solicitation to buy or sell a security, or the rendering of personalized investment, tax or legal advice. Past performance does not guarantee future results, as there can be no assurance the views and opinions expressed herein will come to pass. Investing involves risk, including the potential loss of principal. Please consult a financial professional prior to investing.