Bottom line: A University of Michigan study found that, over a 30-year period, market timers
averaged an annual return of 3.
Founded in 1986 on the philosophy that strength, growth and the diversification of their client's hard-earned money is made possible through knowledge, diligence and years of experience, Banyan Rock & Talent specializes in areas including stocks, bonds, mutual funds, variable annuities, retirement strategies, market timers
, life insurance, disability insurance and applied real estate.
The editors of Market Advisors have tremendous credentials including, but not limited to, being rated numerous times by The Wall Street Journal, Hulbert Financial Digest and the Timer Digest, among others, as one of the best market timers
, top bond timers and having one of the nation's best model portfolios.
Fund companies are becoming much more active in keeping market timers
out, fairly valuing securities and improving compliance and disclosure," said Russel Kinnel, director of fund analysis for Morningstar Inc.
It is clear in each of the cases under investigation that board members had not been informed of the shady activities of either market timers
or the fund managers' efforts to facilitate their questionable activities.
A third said that market timers
had even "whipsawed" - raided - a fund aimed at encouraging children to save.
Get the price right so the market timers
will have no reason to stick around," Chalmers said.
Wagner  also documents the success of 25 market timers
during the period 1985-1990.
Mutual fund companies use the Fair Value Information Service to help meet regulatory requirements, to safeguard investors' interests against market timers
, and to reassure their investors that appropriate procedures are in place to reflect the fair value of assets when determining net asset values (NAVs).
Among other things, the SEC Order notes that beginning in at least 2001, Waddell & Reed engaged in surveillance of its funds and required most identified market timers
to enter into agreements limiting the number, amount and frequency of trades.
The profits that accrue to the market timers
are raked from those that would otherwise be distributed among ordinary long-term investors.
Once again named in 2003 by Timer Digest as one of the Top 10 long-term market timers
in the U.