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Investing in the Second Lost Decade: A Survival Guide for Keeping Your Profits Up When the Market Is Down by Tom J. Kopas, Joe D. Turner, Martin J. Pring

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CHAPTER 11DO IT YOURSELF OR HIRE A MONEY MANAGER?

For the Smiths the chore of investing their own portfolio has become significantly more difficult as the secular bear market environment plays out. What a stark contrast to the conditions they faced when the year 2000 rolled around. They fondly remember back to the late 1990s, as the prior 18-year secular bull market roared ahead in full glory. Their mutual fund holdings steadily built wealth and required little attention. That period climaxed with an incredible explosion of do-it-yourself day traders entering the investment world just when the online trading frenzy kicked into high gear. Encouraged by their seemingly effortless ability to pick winning stocks (virtually anything related to technology ...

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