Wednesday, October 29, 2008

Is buy-and-hold dead and gone?

By Brian O'Keefe

Investor Daily: As volatile and scary as stocks look now, here are three big reasons not to abandon your investing strategy.


(Fortune magazine) -- That's about the craziest thing I've ever heard!" shouts Jeremy Siegel through the phone when I mention the headline of this story. "I mean, what's the rationale for anyone saying that?" I had called up the Wharton professor because he's one of the high priests of buy-and-hold investing. In his classic book, Stocks for the Long Run, Siegel analyzed 200 years' worth of U.S. market returns and concluded that patient, consistent investment in stocks over a long period is the most effective strategy for wealth creation among regular folks.



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