Buy-and-Hold is the dominant stock investment strategy today. I don’t support it. I support Valuation-Informed Indexing. There’s only one difference between the two strategies. Buy-and-Hold is a thrill ride. Valuation-Informed Indexing isn’t. We call the transactions by which stocks are bought and sold a “market.” But that’s not entirely accurate.… Continue reading Buy-and-Hold Is a Thrill Ride
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