There's an awful lot of noise out there. I always advise to ignore the daily noise of the markets, focus on fundamental investing, and stick to your rules-based investment strategy. When a smart analyst says the 30-plus year bond bubble is about to burst, it's hard to ignore them. "By golly, I'm 40% in bonds!" the average investor says. "Bill Gross says the bears are coming out if bonds yields run past 2.6%." I think the so-called Bond King is a smart man, but bond gurus like him are not always right.
Investing foolishly
Investors generally try to accurately predict and time the market. They often shift in-and-out of positions to take advantage of short-term price movements and trends. But they later end up selling these positions at a huge loss during a market drawdown. They spend a lot of time speculating and losing money. They…