My apologies for such a long absence.

YouBeTheBank.com is launching its new web site.  Although it is fully functional, there are more than a few additional capabilities that are being developed and added daily and weekly.  It’s a time and energy consuming project.

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The turmoil in every market: real estate bubbles bursting, the motgage mess, bank failures, GM/Chrysler/Ford facing bankruptcy, and on, and on…all are the result of a failed paradigm that convinced Americans to delegate their own wealth creation and money management to the Behemoths -

• the Dolts in DC who manage to increase their own wealth by taking more of yours,
• mutual fund managers who don’t know what they don’t know,
• investment advisors who have only the minimal registrations and licenses to compliment the brainwshing they receive from their Behemoth bosses,
• union leaders who see their RIP engraved on history and scheme to keep alive a system of relating to capital that can only be described as self-serving,
• banks and credit card grantors that have manipulated the Dolts in DC to serve them instead of American citizens.

I’ll write a book about this someday but for now here’s an article from InvestorsInsight that articulates a piece of the problem.

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“Buy-And-Hold” Bites The Dust – Now What?

by Gary D. Halbert

November 11, 2008

IN THIS ISSUE:

1. Economic Overview
2. The Conventional Wisdom Was Wrong
3. The Shortcomings Of Index Investing
4. Are Low Fees The Key To Investment Success?
5. Risk Management Is Crucial

Introduction

In the newsletter business, it’s rewarding to see market action reinforce the advice you have been giving in your publication. Ever since I started writing this E-Letter, I have warned of the perils of passive “buy-and-hold” investing in general, and “index investing” in particular. While adherents to these strategies like to trot out long-term charts and graphs supporting their case, I have always warned that passive investing can result in major losses at just the wrong time from the investor’s perspective.

CLICK HERE TO READ THE ENTIRE ARTICLE–>

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