At age 69 I have five years, not thirty, but I still agree with you about buy and hold in that short time frame, provided investors use another discarded relic and apply it to stocks as well as mutual funds, viz dollar cost averaging. The trick is to keep enough in reserve. Dollar cost averaging can work wonders even with bad stocks in bad markets.
The Only Chart True Investors Need to See [View article]
Precisely, buyitcheap. Factor in inflation and it's a zero sum gain in 150 years. Even in 1937 Lobster Thermador Honeymoon Special for Two with a split of world class champagne cost 87 cents (before tip) at a major hotel restaurant in New York City (evidenced by my parents' scrap book).
Now's the Time for Buy-and-Hold [View article]
dollar cost averaging. The trick is to keep enough in reserve. Dollar cost averaging can work wonders even with bad stocks in bad markets.
The Only Chart True Investors Need to See [View article]
tip) at a major hotel restaurant in New York City (evidenced by my
parents' scrap book).