the biggest lie you were told about the stock market is (brokerage, fund)
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"Buy and hold" produces the best return. In fact, it is the most dangerous investing method to have. Ideally, you should take profit when the shares are irrationally high and cut your loses when it's going down. Yes, it takes some work but in the days of smartphones and discount online brokerage the efforts and costs are not much.
"Buy and hold" produces the best return. In fact, it is the most dangerous investing method to have. Ideally, you should take profit when the shares are irrationally high and cut your loses when it's going down. Yes, it takes some work but in the days of smartphones and discount online brokerage the efforts and costs are not much.
That is not true. When I was first employed by IBM in 1959 and thereafter I began to buy shares of IBM, GM, WMT, JNJ, X, CVX, T, GE, MCD, HAL, INTC, MO, MMM, KO, BMY, and PCG. I've done pretty well for myself buying and holding.
"Buy and hold" produces the best return. In fact, it is the most dangerous investing method to have. Ideally, you should take profit when the shares are irrationally high and cut your loses when it's going down. Yes, it takes some work but in the days of smartphones and discount online brokerage the efforts and costs are not much.
lol I'm not a buy and hold person because I have a strong understanding of technical analysis. However, what you said is completely untrue. You've been asking advice on this forum about the most speculative and sometimes downright stupid stocks, so if you are upset, just examine your choices.
I own 100 shares of AAPL -- not exactly a speculative or a stupid stock. I wanted to sell when it was like $130ish but this "buy and hold" mantra prevented me from doing so. Now it's under $115. My costs per Apple shares are $107.
In a simple term: if I went with my gut, I would have $2300+ in profit. Now, I have $800 in (paper) profit.
Any investing method that loses 66% of profit is not a sound method.
I own 100 shares of AAPL -- not exactly a speculative or a stupid stock. I wanted to sell when it was like $130ish but this "buy and hold" mantra prevented me from doing so. Now it's under $115. My costs per Apple shares are $107.
In a simple term: if I went with my gut, I would have $2300+ in profit. Now, I have $800 in (paper) profit.
Any investing method that loses 66% of profit is not a sound method.
buy and hold with individual stocks is always dicey . one missed earnings report and 20% can disappear in a heart beat. even if you picked what you think is the best company ever you still do not know what the competitors are doing .
all my serious investing is always diversified fnds where buy and hold for you is no problem . analysts and managers make the choices then
even index funds have a manging committee who decide what to buy since funds like total market funds do not actually own everything .
I own 100 shares of AAPL -- not exactly a speculative or a stupid stock. I wanted to sell when it was like $130ish but this "buy and hold" mantra prevented me from doing so. Now it's under $115. My costs per Apple shares are $107.
In a simple term: if I went with my gut, I would have $2300+ in profit. Now, I have $800 in (paper) profit.
Any investing method that loses 66% of profit is not a sound method.
I own 100 shares of AAPL -- not exactly a speculative or a stupid stock. I wanted to sell when it was like $130ish but this "buy and hold" mantra prevented me from doing so. Now it's under $115. My costs per Apple shares are $107.
In a simple term: if I went with my gut, I would have $2300+ in profit. Now, I have $800 in (paper) profit.
Any investing method that loses 66% of profit is not a sound method.
Had you bought aapl 15 years ago and held onto today you woud be doing much better.
There are other factors to consider. You cant just slam the buy and hold. You have to buy the RIGHT stocks and hold them. You also cant get to the party late and buy and hold.
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