Title: Will Anybody Tell The Truth?
Product review: Anyone who read Ms. Orman's Courage to Be Rich or 9 Steps to Financial Freedom ought to demonstrate valor in writing a review. The truth? Ms. Orman doesn't have the courage of her own convictions to admit that her buy-n-hold, dollar-cost averaging ways hurt investors terribly. Rather than ackwowledge her inadequate advice regarding how to avioid the bulk of a bear market (i.e., having an approach to selling), she places the blame on us. We were too greedy. We should have been allocating to assets other than stocks... and then we wouldn't have been hurt so bad. No, Ms. Orman. Nobody will be on a road to wealth with a 7%-8% compounding rate of return with asset allocation. And nobody should invest in stock assets without a discipline for selling. That's how wealthy investors avoided the bear, and continued along a road less traveled.
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