Investing is often confused with trading. Good long-term investing is not for the faint of heart. Longer-term political, economic, and capital market trends, rather than short-term portfolio positioning requiring the need for an accurate forecast, is often the most reliable route for investors. Important secular trends include the continuing democratization of stock market investing, with zero online trading fees and fractional shares. The combination of a robust U.S. economy, a thoughtful Federal Reserve...