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Ben Carlson: Some Market Myths Hurt Investors

FYI: (Click On Article Title At Top Of Google Search)

There are a number of rules of thumb and aphorisms that investors accept without investigating their merits based on the historical evidence. For example, many assume that buying individual bonds is safer than owning a bond mutual fund or ETF because it will shield them from interest-rate risk. The idea is that bond funds can fall in value but individual bonds will mature at par, so you don’t have to worry about losses when you hold them directly.
Regards,
Ted
https://www.google.com/search?source=hp&q=Ben+Carlson+Some+Market+Myths+Hurt+Investors+Bloomberg&oq=Ben+Carlson+Some+Market+Myths+Hurt+Investors+Bloomberg&gs_l=psy-ab.3...3869.21060.0.21468.24.23.0.0.0.0.194.3625.0j22.22.0.dummy_maps_web_fallback...0...1.1j2.64.psy-ab..2.20.3265.0..0j35i39k1j0i131k1j0i131i46k1j46i131k1j0i20i264k1j33i160k1j33i21k1.0.y6NRCaCsb8Y

Comments

  • This article reminds me of a few of the misplaced,
    misunderstood aphorisms that Wall Street has appropriated
    from popular culture… since they have so few original ideas.

    “Cash is King”
    We all know that when the famous Bible thumping music critic
    Chester Hunkelbum made that comment, he was referring
    to Johnny Cash. How could he ever know that Wall Street
    would steal and make it their own?

    “It will not be broke by prophet”
    Okay, Hunkelbum had bad grammar. But he was referring to
    Abraham the prophet when he tripped and almost broke the
    10-commandment stone tablet that Moses had placed in his backpack
    for safekeeping. Along came some financial adviser who bastardized this
    into something about not going broke if you take a profit.

    “Every ship at the bottom of the ocean has a chartroom”
    It’s easy to see how Hunkelbum became depressed years later when
    struggling to maintain his credibility. The computer age was, as he said,
    “uncharted territory”. As readers began logging off his web site,
    he lamented, “We’re bottoming. Another ship has left the chat room.”
    Leave it to Wall Street to snatch this comment and twist it to their liking.

    We shall miss Chester Hunkelbum


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