Citi Research strategists Tobias M Levkovich, Lorraine M Schmitt and Christina Wood offer some practical investing advice for ‘financial fashionistas’ in their Equity Strategy dated November 26, 2013.
Holiday season: Do not invest in fads
Following the herd into the latest tech stock or the hot new biotech company may not always be profitable. Investors could end up holding the bag when ‘the music stops,’ so to speak, leading to serious losses. “We believe there is a semblance of financial fashionista investing that grabs onto trends and makes the extended nature of some trades go even further than was possible in the past," says the Citi team, warning that “popular tastes can be fickle such that what is...
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