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Sticking With Stocks, Especially In Market Downturns

TedTed
in The Bullpen
FYI: Call it confidence, or an unwillingness to try to time the market, or even complacency. But whatever the reason, some mutual fund managers with the best performances over the last five to 10 years say they are disinclined to sell their stock holdings — even if the overall market turns down.

“I used to try to time the markets,” said Jerome L. Dodson, manager of the Parnassus Endeavor fund, which has returned nearly 12 percent annually over the last decade, according to Morningstar. “I got hit every time.”
Regards,
Ted
http://www.nytimes.com/2016/10/16/business/mutfund/sticking-with-stocks-especially-in-market-downturns.html?rref=collection/timestopic/Investments&action=click&contentCollection=your-money&region=stream&module=stream_unit&version=latest&contentPlacement=2&pgtype=collection&_r=0
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