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A parable for today's investor:
Diversify and hold steady against doom-saying.
(cont.)
"Only highly leveraged risk can take you to absolute zero. And what
panicked the market about the sub-prime crisis was investors' suddenly realizing
how highly leveraged many of these hedge funds are," Holland said.
"Lack of knowledge creates fear. If you don't know what investments you're
in, if you don't really understand them, when something like the sub-prime crisis comes along you'll be afraid
and you probably should be."
"For me, it's all about shedding light on the process
making everything as transparent as possible," he said.
"Time is your friend. And good investing is science, not hunches," said
Holland. "That's why I periodically rebalance every investor's portfolio
to make
sure the asset classes are always on target."
Holland's Law – Part Two:
"What stock pickers think will change tomorrow ...
will probably change tomorrow."
"If your investment advisor can't explain the what, why, when and where of your investments to you
to a point where you are comfortable no matter what happens
short-term
you probably don't have a good match," said Holland.
To learn more about Jeff Holland's investment philosophy, performance, allocation models and methodology, please go to thehollandportfolios.com. A coda:
William Miller spent the rest of his life apologizing for what followers
called the "Great Disappointment." But a few members of his radical movement got
out of the "end-time" business and evolved into a mainstream denomination, the 7th Day Adventists, known today for humanitarian aid in third-world countries.
Who could have predicted that?
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