So apparently they told their clients to sell everything late in 2007 and told them precisely when to get back in early 2009??
And their clients actually listened and have the statements to prove it?
Or maybe they didn't lose money until they failed to get back in at the perfect time and accumulated their loses during 2009 - 2013 from not holding??
That would make the 2008 statement true.
Or maybe all their clients were 100% in CD's??
Or maybe their clients are made up?
The only real way to answer these questions is to give these guys your money and wait.
Bogleheads believe in a lot more than buy and hold.http://www.bogleheads.org/wiki/Bogleheads
In a nut shell:
1 Develop a workable plan
2 Invest early and often
3 Never bear too much or too little risk
5 Never try to time the market
6 Use index funds when possible
7 Keep Costs Low
8 Minimize taxes
9 Invest with simplicity
10 Stay the course
*11 Don't listen to the noise.
* I added.
"The stock market is a giant distraction from the business of investing." - Jack Bogle