Invest for the Long Haul - minimum five years Be like Warren Buffett and buy stocks for the long haul
In order to invest like Buffett and minimize the risk of short-term volatility, it’s crucial to have a long-term mindset. This means looking for companies and stocks to buy that you plan to hold for a minimum of five years.
It’s extremely difficult to predict what will happen in the short-term, both in the economy and in the stock market. Who could have predicted the coronavirus pandemic?
Over the long haul, though, the economy is constantly growing, and the best businesses should continue to find ways to expand.