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SideShowMel0329 (31.87)

With all the buy-and-hold critics on CAPS, I'm becoming more wary of the advice I get here.



May 14, 2009 – Comments (3) | RELATED TICKERS: CAP.DL

Do people really think that proven buy and hold value investing is going to be ineffective because of this recession? You guys are making the same exact mistakes investors made in the 1970s and the 1930s. They thought the market was finally done for and pulled their money, hiding it in couches, shorting the market further, whatever it may be.

Get over yourselves and realize that this is just another recession. Critcize buy-and-hold all you want, you'll just look like a fool in the long run.

3 Comments – Post Your Own

#1) On May 14, 2009 at 7:14 PM, awallejr (38.93) wrote:

Well I am basically a buy-and-hold guy, but this market has and probably still is a trader's market.  I still see tremendous opportunities for the buy-and-hold person (love oil and C 5-10 years down the road), but when you see the violent dailey swings it is hard to ignore just trading off them.

So what I have been doing is establishing my long term "core" buy and hold portfolio and devoting a portion of my investing to simply trading the swings.

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#2) On May 14, 2009 at 8:22 PM, ChrisGraley (28.48) wrote:

Part of buy and hold is knowing when to buy. This isn't the time.

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#3) On May 14, 2009 at 11:37 PM, russiangambit (28.67) wrote:

> Part of buy and hold is knowing when to buy. This isn't the time.

And also knowing what to buy. And knowing when to sell. If you can get those three right, then sure , buy and hold works. The issue is that it takes a great amount of dedication, practice and discipline to get those three skills and majority of people in the market don't have it. In fact, majority of professional money managers don't have it. There is only one Warren Buffet.

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