The evidence indicates that trying to time the market doesn't work. We've done studies looking at the flow of funds vs. performance, and invariably people buy at a peak and don't buy when (a fund) is low.
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If the advice is worth it, you're willing to pay the load. If it's not worth it, then the load is too high.Jon Teall
I really can't think of anybody who over the length of time that the Steadman funds have been around ... approaches their (poor) record.
Jon Teall
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