Buy and Hold is a 'passive' investment strategy made popular by Vanguard founder John Bogle and 'the world's greatest investor' Warren Buffet (whose long term business partner, Charlie Munger, just died this week--rest in peace.)
Buy and Hold means that we don't try to 'time the market.' 'Timing the market' means trying to 'buy low'--Trying to get the timing right for when the market is 'low' and only buy then. It means that instead, we just buy a stock or ETF and then...hold it. For a long time.
We here at MGB suggest that you only invest with money that you're willing to keep invested for a minimum of 5 years.
The stock market is not a casino, at least it shouldn't be seen that way for people starting out with investing. So for us, Buy and Hold is a part of our investment philosophy or strategy.
Have you heard of this concept? Do you practice it? Let us know in the comments! And as always, thanks for reading this.
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