An Alternative Interpretation of Buy-And-Hold Investing
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A lot of people are fretting about an overvalued US stock market. A recent Bank of America survey of fund managers said that 91% of them think US equities are too expensive. Should we care though?
After all, buy-and-hold is today’s dominant long-term investing strategy. That’s because putting aside a set amount of money for retirement each month — and not getting fussed about short-term market moves — works over a very long time horizon.