Is Buy and Forget a Myth?

Read this article in Finshots today which is fairly closely related to the topic in this thread.

Because it discussed action bias or in layman term, our tendency to take action even when it’s better to sit quietly and do nothing (aka action bias).

It quotes a wonderful research study to illustrate the concept as well whereas it states that in penalty shootouts while on an average 39% of all shots goes straight down the middle, only 6% is actually saved. Reason? You guessed it already.

It is worth mentioning that I am not an advocate of the buy-and-forget strategy. But neither am I an advocate of frequent churning.

Thanks – Arnab Roy