The AAII Southeast Florida Chapter presents...

"The Death of Buy and Hold Has Been Greatly Exaggerated"

    Discussed by:

    Richard A. Ferri CFA
    Founder, Portfolio Solutions

The death of buy and hold has been greatly exaggerated. Time and again, individual investors discover (all too late) that trying to predict the next winning stock, the next hot mutual fund, or the market’s next turn is a loser’s game. The more people play beat-the-market, the less chance they have of succeeding. The alternative lies with passive investing. The passive form of investing is about reaching your goal by selecting the right asset allocation for your needs, participating in the markets cheaply through index funds and ETFs, and rebalancing the portfolio on occasion to return to its target allocation. This method outperforms active management by several percent per year and generates returns over the market averages nominally and on a risk-adjusted basis.

Attend This Meeting and Learn...
The low probability of an active management strategy beating the markets over time
The low payout from active strategies that do beat the market relative to the larger shortfall from losing strategies
The near-zero-percent probability that a portfolio of actively managed mutual funds will outperform a portfolio of passively managed index funds and ETFs over one decade

Wednesday, November 16, 2011
10:00 a.m.    Registration/Social/Refreshments
10:30 a.m.    Program
11:15 a.m.    Q&A
Charles Schwab
500 East Broward Blvd., Suite 101 (first floor)
Fort Lauderdale, FL 33394
[ Map This Location ]
At the Door (space permitting), Everyone, $5
Full-Time Students with ID, Free

Return to Southeast Florida Chapter home page