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captainccs » Comments » AA

  • Buy and Hold Is Alive and Well [View article]
    >>>Well I’m growing tired of it, and if it were up to me, I’d prohibit anyone else from making this point for the rest of 2009.

    You would probably also abolish free speech and the rest of the Constitution. Oh well... If you are tired, take a nap!

    If the market tanks by 50% then 50% of your stock market wealth has disappeared down a rat hole. It might or might not come back. If you had GBLX you faced bankruptcy. GBLX never bounced back. If you had Bear Stearns you got a $10 pittance from the US taxpayer courtesy of the NY Fed. What is so wrong about protecting yourself from these misadventures?

    Just because you and Buffett like LTBH does not mean that this is the obligatory way to put your money in the market. Some people (not me) make money by doing the opposite, shorting!
    May 28 08:58 am |Rating: +1 -5 |Link to Comment
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