Why Buy And Hold Doesn't Work (For Most Stocks)
@Alvin Chow:
We often hear the stock investing advice of 'buy and hold' as though it is a panacea for all investing problems. Such advice also premised on the assumption that 'stocks go up in the long run'. This can lead investors to mistakenly believe that merely holding onto a stock for an extended period guarantees profitability. However, this is dangerous advice because there are stocks that don't go up in the long run and may caused losses and missed opportunities for an investor. I believe no one wants to take ten years to find out he has lost money. In a research titled 'Long-Term Shareholder Returns: Evidence from 64,000 Global Stocks,' led by Hendrik Bessembinder, an extensive analysis encompassing 64,000 global common stocks spanning from 1991 to 2020 revealed a striking revelation. It was ob