Is Buy and Forget a Myth?

There is a question that should be answered first, because if that is not answered and not cleared, the journey may feel directionless. Why is one investing?

I have no intention to be rude, but for someone in your position, a retiree, assuming that you have a pension, and all other current necessities are taken care of, and have time and capital, what are you looking at? A number, a strong financial legacy, another accomplishment, productive use of time?

I am sure you know that there are many ways to make money in the market, so if we are clear of the reason, clear of the purpose, we can simple choose to depend on our knowledge, if we have some, or read about different styles and we can choose the styles that appeal to us, which are comfortable to us, match us and start going forward and see how it goes, and makes changes along the way with new learning.

What I have observed from my limited experience is that, when we look at people who have made good money and have created some literature or other content around it, sometimes they can be contradictions. Contradictions can be found with people who manage funds too. They all are correct because they all have made money.

We can surely know about their styles and suggestions, but all of what they have said may not be appealing to us, some perhaps incomprehensible to us, may be those are exclusive to them and some don’t apply to us. But all of them may have said something universally useful and applicable, so we can look for such things, because in addition to the limited application of certain things, the context in which they get applied should also be seen. Even a couple of things of what Peter Lynch said may have lost their relevance, and many things may have remained timeless.

More like culling, gather what seem useful to us, what suits us individually and start our journey, along with the clarity of why we are doing what we are doing. And of course, the journey is long, and we don’t have to limit ourselves if we don’t want to, more so when the market is expanding.

Just some thoughts.