Here is a great article comparing two investment strategies. Often this is viewed as two camps your either a buy and hold or a market timer. Just remember an investment strategy for you needs to be specific to your investing timeframe, risk tolerance and need.

My view is that you need to have assets with great money managers and track records. Being open to both strategies will provide you with more opportunity. Some market cycles favor the buy and hold strategy and others the market timers. Not being open to both could have you missing out when one of the strategies falls out of favor.

http://www.investopedia.com/articles/stocks/08/passive-active-investing.asp

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