Adviser Market-Timing Near-Impossibility

To add to the injury done by financial advisers because of their high usage cost in form of fees: they tend to time the market with too much portfolio change.

This is done to show clients they’re actively engaged in servicing the account. The result of repeated research: The chances of "experts" getting out at a high is 10%. The chances of getting back in at a low is 10%. Thus roundtrip success rate is 1%.

The attempt at expert timing is futile and ridiculous. ( See the Earl J Weinreb NewsHole® comments.)