Bull/Bear Rider

Loss of Faith in Buy and Hold

Thank you Larry MacDonald for this report. I'm still trading (cautiously), and I prefer to 'invest' in companies so I don't trade shorts or even options—but I gave up buy-and-hold years ago. I believe it is a myth perpetrated by less-than-competent financial advisors to scare folks away from managing their own money. Even Warren Buffett, who invests for the long term, doesn't just 'hold' -- compare his 2006 portfolio to his 2008 and you'll see a dramatic difference. Also, those who say you don't want to miss the 10 best days of a recovery fail to acknowledge that the 10 worst days will hurt you more than missing the 10 best days will. Don't let the principle shrink.