It is sometimes interesting to read old discussions on the forums.
Stumbled across today .
In general, this thread has a completely different topic., but on the second page a dispute ensued with Pupkinus (leader of the red jackets) whether buy-and-hold is dead or not. In order not to bother with reading irrelevant comments, I will highlight only the main thing:
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JC: Even then,, if there is only 1.5K extra, to my mind, safer on the day, for weeks or months to buy some Apple or Colgate shares and not twitch — in two or four years they will grow three to four times…
Pupkinus: investment is dead, my friend… (translation: investment died, a friend of mine)
JC: Yes, nothing is dead — not the first crisis in history and not the last. And by the way, when your phrase will be quoted everywhere and everywhere — it will be an ideal entry point for buy-endhold investments(how they teach in books)
Pupkinus: And this is no longer buy and hold, this – contrarian long only You choose the entry point, mean trying to time the mark, and this is no-no for the adepts buy and hold
By the way, about quoting something like that. When will the bottom be, there will be blunt `` smart money" who throughout the uptrend will sell what they bought to more and more `` stupid money ''.
А investment – dead long ago, only `` men don't know about it ''. People tend to forget the past, yes and investment, and especially buy and hold are needed like the air of the financial industry itself. Investment has died many times, but people who rule smart money" always hired Kramers (Jim Cramer) or Kudlovov (Larry Kudlow) and others like them. And these PR wizards, from TV screens, rushed and dug corpses from the grave long term investment and buy and hold and helped viewers to believe that these zombies with empty eyes – great ideas for personal finance.
buy and hold – dead…
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…it was April outside 2009 of the year, the bottom of the bear market and the beginning of one of the most bull markets in history: :)
