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Excellent point, Dennis.
Something often ignored by people who advocate buy 'n hold with hindsight.
This comparison and the ETS info from Michael Paauwe should help people
keep things in perspective.
Carlos Lourenco
>
> Well, if you had decided to start trading this buy and hold system in
> early October of 1997 and held through the crash, you would have had to
> suffer through a nearly 130 point ($65,000) drawdown... nearly twice
> that reported by TS. Something to keep in mind when evaluating the risk
> of buy and hold or any other system that holds for long periods of time.
>
> --
> Dennis
>
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