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Reminder: BUY and HOLD


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#11 pdx5

pdx5

    I want return OF my money more than return ON my money

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Posted 13 February 2007 - 10:38 PM

Buy and hold in large caps index funds such as SPX bought in the period 1998-2000 are quite a bit behind actually when you factor in inflation. Last week I had a "free" consult from Fidelity because of the level of my assets with them and they advised buy and hold for ever! IOW they are totally against timing. When I pointed out the money I saved by getting out of stocks into bonds in the late 90's, they had no answer. So much for Fidelity's free advice.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule