dave mckay

10 Reasons Why We Still Haven't Hit Bottom

I laugh when people say that buy and hold does not work. Just pick 3 stocks at the very top of the market in 1972. IBM, Proctor and Gamble and ConEd. You would have made a fortune. With ConEd, those shares you purchased in 1972 would now have a dividend rate of approx. 50%, with todays dividend payout! Try that with bonds or any other kind of income tax-sucking, market timing scheme.