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The Nine Lives of the Buy-and-Hold Approach
Published in Investments & Wealth Monitor, November/December 2009

The death of the “buy-and-hold” investment strategy has been greatly exaggerated. For most of the year, media outlets have proclaimed the strategy kaput. Even the Wall Street Journal ran a story titled: “Advisers Ditch ‘Buy and Hold’ for New Tactics.” Some pundits have seized on the market decline of 2008 and early 2009 as proof that investing for the long term in a portfolio of diversified securities is a sure-fire way to ride the market down while a more tactical approach enables a manager to bob-and-weave out of the way of oncoming market slides. Read the article.