Last week, I made a post which may have given an impression that "buy and hold" is the answer to getting good returns. My apology if that was the impression. Buy and hold do not guarantee anything. Consider the year 2000. I remember that was the time which CPF Members could use their CPF money to invest. At that time, it was the technology craze in which people would invests in dot.com companies that had no earning! Many banks sold technology funds because it was the hot theme. Occasionally I am still seeing clients who held on to their technology funds bought in 2000. Below is a chart to show a popular fund's return vs its own benchmark. As it can be seen, the investment is still losing money after 13 years with a ...