Buy and Hold...Enough Already!
Can we stop this debate now? Please? I have read that Buy and Hold is dead, unconcious, missing in action, taking a coffee break, and alive and well. All of these opinions have been offered up by TMF writers. So, which is it really? Who should we believe? Has Obama planted a mole in TMF HQ to rattle our cages? I am a LTBH Bull, in case you were wondering. So maybe I am extra touchy about the inconsistancies in THFooldom. Even I were not I would still be concerned that we have five sets of eyes looking at the same piece of sky telling me that they can't agree on what color it is.
I wrote in the paragraph that I am a LTBH Bull. Some opinons I have read by fellow bloggers paint us in an unflattering light. That is unfortunate. I buy a stock the way I buy a car, for the long run. Any guesses as to how old my car is? Ten years. I bought it used in 2001. This month the odometer will roll over to 120,000 miles. I just put the third set of tires on it. If you like to buy a durable good and milk every dime of use out of it that you can before getting something new then there is a good chance you have what it takes to be a LTBH person. If you like to swap our cars or redo the kitchen every three to five years then maybe not. There are upsides and downsides to both trading and investing. If we take the time to learn and respect the madness of the other camp we will come away better decision makers than we were before.
Let's end the bickering about who is right and who is wrong, what is dead or alive and so on. Let's get back to the business of educating eachother to be the best investors that we can be. Agreed?