oes illustrate the point not to be too devoted to one methodology. I am sure investors who sat out of the market were angry to miss those gains, only to see his model now predicting double-digit gains over the next year.

This is by no means groundbreaking advice, but it is someth

Listening to investment gurus for advice can be a daunting task due to the sheer volume of information available. The advent of the internet has infinitely multiplied the access of advice to the individual investor. This is both good and bad, and caution is needed when acting on the advice.

The first thing to remember is never to rely on one source for all of your advice. Even the most brilliant people are fallible and are often wrong. The best thing to do is find a style that works more often than not and that increases the probability that you make money over time. Investing is a marathon, not a sprint.

Also, be careful about following somebody that has been dead wrong and capitulates and reverses course in the middle of a trend. For example, I read an article on Marketwatch.com about Norman Fosback's Econometric model. This model has been bearish for some time and has predicted a slight loss over the subsequent 12 months this past summer. However, it has now changed to predict an 11% return over the next 12 months.

This does not mean that there is no value to be extracted from Mr. Fosback's model, but it does illustrate the point not to be too devoted to one methodology. I am sure investors who sat out of the market were angry to miss those gains, only to see his model now predicting double-digit gains over the next year.

This is by no means groundbreaking advice, but it is somethi

vice.

The first thing to remember is never to rely on one source for all of your advice. Even the most brilliant people are fallible and are often wrong. The best thing to do is find a style that works more often than not and that increases the probability that you make money over time. Investing is a marathon, not a sprint.

Also, be careful about following somebody that has been dead wrong and capitulates and reverses course in the middle of a trend. For example, I read an article on Marketwatch.com about Norman Fosback's Econometric model. This model has been bearish for some time and has predicted a slight loss over the subsequent 12 months this past summer. However, it has now changed to predict an 11% return over the next 12 months.

This does not mean that there is no value to be extracted from Mr. Fosback's model, but it does illustrate the point not to be too devoted to one methodology. I am sure investors who sat out of the market were angry to miss those gains, only to see his model now predicting double-digit gains over the next year.

This is by no means groundbreaking advice, but it is someth

r time. Investing is a marathon, not a sprint.

Also, be careful about following somebody that has been dead wrong and capitulates and reverses course in the middle of a trend. For example, I read an article on Marketwatch.com about Norman Fosback's Econometric model. This model has been bearish for some time and has predicted a slight loss over the subsequent 12 months this past summer. However, it has now changed to predict an 11% return over the next 12 months.

This does not mean that there is no value to be extracted from Mr. Fosback's model, but it does illustrate the point not to be too devoted to one methodology. I am sure investors who sat out of the market were angry to miss those gains, only to see his model now predicting double-digit gains over the next year.

This is by no means groundbreaking advice, but it is someth

as been bearish for some time and has predicted a slight loss over the subsequent 12 months this past summer. However, it has now changed to predict an 11% return over the next 12 months.

This does not mean that there is no value to be extracted from Mr. Fosback's model, but it does illustrate the point not to be too devoted to one methodology. I am sure investors who sat out of the market were angry to miss those gains, only to see his model now predicting double-digit gains over the next year.

This is by no means groundbreaking advice, but it is someth

oes illustrate the point not to be too devoted to one methodology. I am sure investors who sat out of the market were angry to miss those gains, only to see his model now predicting double-digit gains over the next year.

This is by no means groundbreaking advice, but it is something to think about. Diversify your portfolio and your sources of advice.