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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 .
"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.
The biggest lies are probably the ones you've told yourself. You convinced yourself that you had a better understanding of the market, equites and some specific companies than you really did. This happens to a lot of people
The biggest lies are probably the ones you've told yourself. You convinced yourself that you had a better understanding of the market, equites and some specific companies than you really did. This happens to a lot of people
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.
Thank God I saw THIS!
I am totally convinced by your one bit of anecdotal evidence. It TOTALLY refutes all the data supporting buy and hold strategies.
"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.
Apple will be back at $130ish so what's the problem? Consider the stock on sale. Many good stocks/companies are going on sale. Apple is a very good company and its products are well liked among the masses. If you have a long time horizon than buy more stock and block out all of the distractions.
Remember, the only time you lose money is when you execute and sell at a lower price.
Don't allow yourself to get into a position in life where your forced to sell and have to capture a loss.
Historically, time in the stock market is always on your side if you can wait long enough and don't need the money.
The worst that could happen is that your grandkids become filthy rich because you died before your stock was back in the money.
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