by Zach Scheidt
Daily Reckoning
The first two months of 2016 are in the books, and it’s been a painful period for investors.
At the close of business on Feb. 29, the Dow was down 908 points for the year, losing 5.2% of its value. But even this decline was a vast improvement compared to the 1,974 points (or 11.3% decline) the Dow lost in the first three weeks of January.
With such a volatile and challenging period, investors would have been wise to enlist the help of a professional, right? After all, who better to navigate the minefield of market risk than the institutional investors with all of their ivy league analysts and MIT computer models?
If only it worked that way…