Kiplinger

Depend on Market Efficiency - Not Pundits - to Help Protect Your Portfolio

Hardly a day goes by without some self-proclaimed expert making lofty, and sometimes outrageous, predictions in the media about where the markets are heading and what you should do to help protect your portfolio.

You may have noticed their forecasts frequently include dire warnings of Armageddon in the markets. After all, that's what makes headlines, gets them on those news shows and ultimately sells their services.

Typically, these folks work in the active management industry as analysts, portfolio managers, CEOs or some other position in which they're paid to hunt for hot stocks and bonds. They need you to need them.

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