Interesting Study at Michigan Univ.

[Peter Vroegop <peterv@xxxxxxxxxx>]

>This will make you think when trying to time the market with a mutual fund.
>Robert

>"A University of Michigan study found that an investor trying to time the market between >1963 and 1993 who happened to miss the best 90 days, or a little more than 1% of trading >days, would miss out on 95% of the gains". Financial reporter Mary Rowland

Apart from Bob's reply on this one, I also found  some more info on this subject at:

http://www.fundadvice.com/FEhtml/MTStrategies/9410.htm

Peter V.