The market should be your benchmark only if market returns are what you need to reach your goals. Remember, too, that investing is a process. After getting above-average returns for several years, investors should not be surprised by the downturn experienced this year. Unless the shortfall has knocked you off stride for your goals, don't get too worked up over a slowdown. Costs add up.
Many investment strategies look great, until costs and taxes are figured in.
Before you buy into any investment strategy, examine the outcomes after expenses and taxes have been paid. It's all a part of looking for that story that makes sense for more than just the next year. Instead of worrying about what move to make for 1999, consider how much you are paying for investments you own today. No matter what happens, the person who gets the credit or blame for your investment performance should be you. Say you followed the advice of the newsletter editors making their forecasts a year ago.