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"If you buy good stocks and hold them for two years or more, you will usually come out...
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Monday, March 28, 2011, 5:35 PM ET"If you buy good stocks and hold them for two years or more, you will usually come out well," John Dorfman says. If that's true, then he says these four are solid buy-and-hold candidates during treacherous times: VSH, BKE, MKSI, CRI.
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I'm bullish, but, don't ever buy anything with the pre-concieved notion that if you just hold it, all will be well.
unless of course you dont.
what an utterly ridiculous statement
who is that moron?
Where have I heard this before....
xroads.virginia.edu/~hyper/allen/ch12.html
"ONE DAY IN FEBRUARY, 1928, an investor asked an astute banker about the wisdom of buying common stocks. The banker shook his head. "Stocks look dangerously high to me," he said. "This bull market has been going on for a long time, and although prices have slipped a bit recently, they might easily slip a good deal more. Business is none too good. Of course if you buy the right stock you'll probably be all right in the long run and you may even make a profit. But if I were you I'd wait awhile and see what happens."
And another parallel to today:
"The speculative fever had been intensified by the action of the Federal Reserve System in lowering the rediscount rate from 4 per cent to 3'/2 per cent in August, 1927, and purchasing Government securities in the open market."
Same goes for booking losses sometimes. The smartest move you can make sometimes is to sell something that's down a good bit if all indications are it's going to fall a lot farther. That's one of the most difficult things that I've had to learn (via the hard way, of course) since I started investing in stocks.
This buy/hold/forget about it stuff is just crazy.