PINL:VITFF - Post by User
Post by
freedom045on Jul 27, 2009 12:47pm
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Post# 16168746
Re: Buy and Hold
Re: Buy and HoldI wouldn't go so far as to say that Buy and Hold is dead, but it must be played differently than what most people would expect. You need to Buy and Hold a "core position" and also ride the waves with a trading position. Also you need to be prepared to hold for not just monthes but for 4-8 years, so buy and hold numerous different companies in your portfolio and it will always seem like one of your companies is coming on while the others are drifting sideways. I don't know if this approach is for everyone but it has definitely worked for me. At any rate I will continue to hold VIT for another 5-10 years if i have too.
Good luck to the longs.