Can we stop this nonsense? Please.
One of the biggest reasons why investors consistently underperform over the long-term is primarily due to the extremely flawed advice promoted by Wall Street, because they have a product or service to sell you, and the media, because they don't know better.
The latest bit of advice that you should immediately hit the "delete" key on is from Simon Moore via Forbes. The article, while it certainly fits the "buy and hold" narrative, is rife with flawed assumptions and analysis. To wit:
You shouldn't worry about market corrections. Not because they won't come - they will. There is just no way of knowing when. Consider the data. It turns out that since corrections can't be predicted, the best strategy is to remain invested for the long haul."
Yes, as I will explain in just a moment, you should definitely worry about corrections as…