Thursday, May 12, 2005

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!

1 comment:

  1. 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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