Buy and hold is so dead as an investment philosophy
w/regards western stock markets, you have made a brilliant statement above.
Here is some useful advice for average investors: dump all your stocks and stock mutual funds.
Next, ignore the market until your morning newspaper headline reads: “S&P500 CRASHES TO 600”
Then buy oil stocks, and medical / pharma, and gold miners, and agri-commodity. Try to buy those in NON dollar denominated issues, such as European companies, or better yet, Asian companies in those areas.
Keep adding to those positions as the S&P500 continues to crash lower to say 500, or worse!
Never sell those stocks, not until you retire. Also read peterb’s and Chris Scoreboards posts on the market.
Also, don’t own any dollars, except for a $100 bill to frame as a future memento of a currency that died a hyperinflation death. Frame it next to your token Zimbabwe 100 Billion Dollar note.
You’ll get rich following those tips above.
One more thing: anyone who wasn’t short stocks all through Jan is either a moron, or hasn’t been paying attention (to the world), or BOTH.
