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Oh Blah Dee Blah Dah
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Okay, but what about those people that did their homework and bought companies with "implied" U.S. Government backing, such as Fannie Mae (FNE), Freddie Mac FRE, or bought the biggest insurer in the world AIG, or the biggest U.S. automobile dealer, General Motors (GM)?
May 29 08:23 am
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All Comments by Oh Blah Dee Blah Dah »Buy and Hold Is Alive and Well [View article]
Or, the biggest software company in the world in 2000, Microsoft (MSFT)? MSFT has done NOTHING for 8 years.
The fact is even the Dow Jones drops and adds companies at times, and so should investors. Those that retired, or were about to retire, saw their equity portfolios devastated when they have the least ability to earn a living to replenish there capital, and had little or no means to take advantage of the severe market decline.
Buy and Hold is good in a rising market, and a rising market makes every investor look like a genius.