Don't Read the "BUY" and "HOLD" Article Deluge
Some advice here! DO NOT READ the Buy and Hold Article Deluge. I haven't read a single one yet. They ain't worth your time... Cause sitting around thinking about "Buy" and "Hold" strategy and whether it works makes you question whether or not you'll ever bother to give it a try.
You don't buy and hold for 6 months... Don't get the results you want and immediately dive into Short Trading Strategies... Then start whining about the Commission Fees, the Hits only to run into huge Misses....The tortorous battle with your Stock Broker to get PowerTrading status so you can get Less Fees.....The Relentless Extra Research you have to do cause you are playing with far more stocks in far more sectors than you are used to....
Cause it frankly DOESN'T MATTER if *Buy* and *Hold* doesn't work.....or does work....
As long as you remember the simple golden rules of investing you have nothing to worry about!
Rule #1) Diversify your portfolio of 5 or so stocks in at least 3 sectors....
Rule #2) Make the majority Dividend Paying Stocks that boost your Cash Flow during Down Markets and Pullbacks and Dips.
Rule #3) Every Stock should be a Company you are Familiar with, Love, buy their services/products, and can litterally visit their locations on your Days Off from work.
Rule #4) Mix some Small Caps with Large Caps....
You got those 4 rules down.. Then you got nothing to worry about! Nothing!
Cause a FIST FULL of Dividend Cash will generally net you far more savings than putting your money in your Savings Account or in a CD or in a BOND or in a INDEX fund...Or Ad Nauseum.
How more complicated is it than to just sit back collecting 43 or whatever cents a share dividend on your (WHR) stock for example? (I own 56 shares of WHR right now).
How more complicated does investing have to be beyond building share counts in companys whose products you love and buy and know many others around you that love and buy them?
I mean come on???
Buy and hold doesn't work??? That would be like telling everyone that:
A) Activision Blizzard (ATVI) has PEAKED at $13.00 and will never trade higher...Cause Buy and Hold doesn't work...
B) Dr. Pepper Snapple Group (DPS)'s IPO price of $26.50 is the best it will ever manage to do....if you buy and hold for 20 years.
C) Sparton Corp (SPA) will never get itself out of debt and back to profitability no matter what they do cause Buy and Hold doesn't work.
How many thought (COT) would absolutely NEVER get out of Penny Stock Status? I bet tons! Myself included!
How many predicted the American Axle (AXL) share price surge?
How many thought FORD would trade at $6.00+ back when it was at $1.01?
How many here can tell me what the share price of (CAT) Caterpillar will be on October 11th, 2021?
For those that believe BUY and HOLD doesn't work.... Answer me... What will be CAT's share price in October 11th, of 2021? Take a gander!
DISCLOSURE: I own shares of DPS, ATVI, and WHR.