Should Long-Term Retail Investors Follow Expert Advice on Stocks? [Exploring Portfolio Turnover Ratio]
When retail investors hear stock market experts (Portfolio Managers from fund houses) on television or in financial news, the advice often feels compelling. Experts declare certain industries “uninvestable” or express bullishness on others. These statements can create confusion for investors with a long-term horizon of 5-7 years. Why? Should you base your stock-picking strategy on…