Avoid becoming a ‘Groundhog Day’ investor

Groundhog Day is almost here. For most of its history – which, according to some reports, dates back to the first celebration in 1886 or 1887 in Punxsutawney, Pa. – Groundhog Day held little significance for most Americans.

But that changed in 1993 with the release of the movie Groundhog Day, in which a semi-embittered meteorologist, played by Bill Murray, is forced to re-live the same day over and over again. He repeatedly makes poor choices, until he finally learns from his mistakes and is granted the ability to move on with his life. Since the movie came out, the term “Groundhog Day” is oft...