Idiot on the Radio

    The Moron is of course quite proud of having risen to the level of moronity, so every time he hears some idiot talking about investing (and sadly, it is quite often) it just triggers a certain sense of righteous indignation at the very thought that some poor individuals may be paying attention to these so-called experts.

    Today's Idiot is a guy the Moron heard on the radio decrying the fact that a recent study revealed that a large percentage of workers made no changes whatsoever to their 401K accounts during the past year. Not one single change! He considered that a problem. It seems he would have these workers "make adjustments"  -- selling some funds (the ones poised to go up of course) and selling others (the ones that have gotten "too risky"). It seems that this process, to his way of thinking is, is something that should go on during every single 12 month period. He felt it was sad that so many workers showed such apathy that they simply did nothing.

    Dear Idiot, doing nothing for years on end is the surest path to reap the rewards that the stock market offers. Doing nothing! Something we are really good at around here.