re: Buy and hold

quote:

---

shite, personally I would have missed this entire rally if I didn't have a bunch of index funds.

---

And investors who have been holding for the past 2 years are still not back to even, unless they've been averaging down (or are in a bunch of dividend-paying stocks), which the average Joe with an account at Edward Jones has not been doing. And now they've missed out on what is nearing a 100% return on the Dow Jones. I can just hear the financial advisor at Edward Jones or some other joint, "Mr. Smith, I have some great news for you. Your account is almost back to where it was 2 years ago!" In other words, "The market has nearly doubled since last March and you have not made a single penny!"

Whatever your finance professor tells you (most of them) ... do the opposite if you want to become wealthy from the stock market. There are doctors who smoke. There are lawyers who break the law. There are accountants who are in debt. There are finance professors who know a lot about the science but very little about the ins-and-outs of becoming a successful stock market investor.