Is Buy and Forget a Myth?

I’ve been watching this thread and didn’t think it would reach the level of discussion it has.

I think for any investment method you have to understand yourself first.

Some people are day traders as they can’t see themselves holding on to stocks for weeks let alone months.

Markets have too much uncertainty and they don’t see themselves invested for long.

Some are more calmer and want to take a relaxed approach

Once you know what type you fit into, then you develop that area. Look for resources to further your understanding.

Sometimes you might have 2 portfolios, one long term and one short term

Whatever method you choose there will be a learning process and a loss making period. This is an important stage where you come to conclusion on what works and practice that in the market, and refine that finding.

Once you have completed this phase, the search stops and you have greater confidence that you won’t blow up your account

If you can find a mentor that journey is completed sooner. Your mentor could be younger than you but it’s imperative that he or she has gone through atleast one and preferably 2 bear markets. There are many paid advisors and if they have shown a performance that has withstood bear market drawdown, it’s best to pay them to get their calls and engage with them on how and why they selected that stock.

Out of the many methods, on of the methods is buy and hold. There is nothing wrong with it. If your temperament and your ability to analyse supports it, you should invest in companies that support that kind of growth.