Patience is a virtue when it comes to investing. It’s human nature to want to own winners and avoid losers. Unfortunately, investor behavior often works against a successful long-term investment program. Generally, investors—left to their own devices—sell losers at the wrong time and invest in hot sectors, only to see the performance of recent winners
Is the Fed’s policy of quantitative easing effective? This question is particularly relevant as the Federal Reserve meets September 17-18 to discuss tapering of its large scale asset purchase program. That conversation has caused markets to convulse this summer.