South central kansas |
Do you try to manage risk?, I assume you do, then why would your investment in the stock market be any different?. Blindly buying and holding, ignores the risk. All I meant by the chart and discussion is that be defensive, because there are times(IMO now) the best offense, is a good defense.
- Buy and hold is a purely offensive investment strategy that ignores the defensive half of the investing equation - risk management. It implies risk is something to be accepted rather than controlled. How can buy and hold make sense when it is only one-half of a complete investment strategy?
Remember what J. Paul Getty once said:
"If you want to make money, really big money, do what nobody else is doing. Buy when everyone else is selling and hold until everyone else is buying. This is not merely a catchy slogan. It is the very essence of successful investment." - J. Paul Getty
Edited by zenfarm 12/7/2018 17:16
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Stock market - thoughts
