The Importance of The Types of Securities Purchased

I have previously reported on those who suggest in and out timing of markets. When it comes to stocks this often has to do with their types or style. Whether, for example, they are considered growth or value stocks, or if they can be classified by corporate size or by industrial groups.

Over the longer-term these styles of investing really mean little. Favored industries and groups of companies often see change in their market-favored positions. Reacting to them incites useless market-timing.
(See the Earl J. Weinreb NewsHole® comments.)