Debunkery - Ken Fisher

I read this book recently. To sum it up all this is what he recommends:

invest in stocks all the time even when you are retired
in the long term it performs better than any other assets
the market will always bounce back even after a bear



so just get into stocks when you can
forget about dollar averaging
diversify diversify diversify
growth, value, small caps, US, foreign, various sectors
just buy them and hold
don't trade or time the market
it is too complex for any single indicator to be reliable
that includes pe ratio, interest rates, comsumer confidence and whatnot
or events like sars, terrorism, unemployment
only exception is the presidential cycle
and all these are proven by historical facts
cash flow management is the key
diversity smoothens out the volatility

Well, that's the long term strategy
but who can wait for long term
we all want to become rich now ! right?