Everyone knows what buying and holding is.. So what exactly is buy and hold?? Being curious.. I went online to google about the exact definition.
From Investopedia Hmm.. but buying and holding does not only applies to stocks!!Is buying and holding a "sure-win" strategy?
Buying and holding might increase your winning odds. But there's no guarantee!!
The asset you're buying and holding is important too!!
Let's take a look at 2 example.
Buying SGX in 2004 Jan?$1.83..
Hmm..
Buying Blumont in 2004 Jan?$0.10..
How about buying Blumont at $2 in 2013 and holding it?
Hmm..
Same same ma.. Both also hold for 13 years.
Wanna see some real examples??
Read:
Buy and Hold - Who sold you that idea? - Uncle CW
Buy and Hold - Who sold you