Quote:
Originally Posted by mikethetiger55
Financial theory holds that you can't beat the market - i.e. index funds are the way to go. Just look at the bet that Buffet has put in place with the hedge fund manager claiming he could beat the market over a 10 year span. I have one of those worthless MBA's and my best friend is an equity analyst. We go round and round all the time about the market.
My retirement account is strictly index funds, with some bond funds and preservation funds mixed in. On a individual basis, I am not a fan of buy and hold when it comes to stocks - this market has too much uncertainty.
Would advise picking a target for both gains and losses - use stop limits to cover your rear. I worked for an energy trading company and that strategy worked well...
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I agree with you mostly....IF buying stocks, it is good to stick to a buy and hold strategy, BUT that being said....mutual funds or index funds are a better way to go over the long run IMHO.