There is a classic debate as to whether to “Buy High. Sell Higher” or “Buy Low, Sell High” between momentum investors and value investors. Dr. Steve Sjuggerud of Daily Wealth blog, raised this topic of many doctoral studies last week. The upshot is his claim that buying stocks when the stock market is at a 12 month high and holding for 12 months beats the return of buy-and-hold. Here is a snapshot of the results of his analysis using market highs and market lows.
If you are like me, you probably have an investment style that blends momentum with value. Jeb B. Terry, Sr. March 3, 2013
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