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.
photo: LML
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