Buy and hold investors. time is money the market timing system of the old saying that you are in cash until the last two days of. Q: who is Malia Obama's boyfriend? click and know but before you rush to sell your stocks as part of a short term trade you should know that this system is recorded in recent years has been less impressive. Nevertheless, there is hope that the system can return. The market timing system has lagged the market over the most recent decade. Consider a hypothetical portfolio that is 100% invested in the Wilshire 5000 Total Return Index whenever the system calls for being in the market but otherwise earns the 90-day T-Bill rate. For the decade through this past Jun. 30, this portfolio produced an 8.4% annualized return, versus 12.5% for buying and holding. Though this portfolio came closer to equaling the market on a risk-adjusted basis, it nevertheless lagged on that basis as well. Many employees are paid on a twice-monthly payroll cycle, so it i...