Stock picking for long-term total returns used to be the investing equivalent of the American Way. Now, drip by drip, stock by stock, and sector by sector, it is turning into the American Nightmare.
Somewhere along the way during the past decade or so, self-directed investors became convinced that stock-picking was the way to grow wealth and retire well. Maybe even at a relatively young age. However, the stocks that used to be the targets of that buy-and-hold activity have been going the wrong way.
