It's Not All in the Timing

摘要

By Howard Winell's reckoning, 2000 was a great year for trading stocks. Clients who followed the advice in his Winell Report newsletter would have scored a 46% gain, including profits from short sales, compared with the 10.1% loss in the Standard & Poor's 500-stock index. Now, 1998 and 1999—those were the lean years. While investors who bought and held the S&P reaped 26.7% that first year, 19.5% the next, anyone relying on Winell's calls lost almost 34% in 1998, an additional 18% in '99.