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Chris B
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Pointing to a few failed companies that have been on the market for decades does not invalidate the buy-and-hold approach. In fact, short-term traders can fall victim to the next earnings miss, disaster, broad market move, scandal, or news release - all factors that can be smoothed out by a long term approach.
Sep 17 15:21 pm
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All Comments by Chris B »The Perils of Long-Term Investing [View article]
Perhaps a better way to evaluate whether to sell a company is to ask the following questions:
Does the current valuation leave room for significant upside (P/E in the 20's?)?
Does the company's product/service make economic sense for its customers (buying or insuring low yielding, high risk mortgages?)?
What risks does the investment face (housing bubble?)?
Are there options with better risk / reward characteristics (usually yes)?