Why Buying an S&P 500 Index Fund Is Not a "Buy-and-Hold" Strategy
Good article by Gary North on the above. Buying an S&P fund can mean buying speculative stocks at their market top and dumping them when they tank!
Libertarians, My Libertarians!
Cruel to be kind means that I love you . Because, while I think you are mistaken, your hearts are in the right place -- yes, even you, Silas -- unlike some people . This Breitbart fellow (discussed in the link above), by all appearances, deliberately doctored a video of Shirley Sherrod to make her remarks appear virulently racist, when they had, in fact, the opposite import. I heard that at a recent Austrian conference, some folks were talking about "Callahan's conservative turn." While that description is not entirely inaccurate, I must say that a lot of these people who today call themselves conservative give me the heebie-jeebies.
I confess I didn't read North's article, but using the same method by which he (and you) rule out buying and holding S&P, could that prove that nothing would be an example of buy-and-hold? Or are you saying, e.g., someone could buy an assortment of bonds and think they'll definitely go up if you wait long enough?
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