Is Buy and Hold Dead?
"Buy and hold" isn’t "buy and hold" at all. It’s really "buy and hope."
At Damon Vickers and Company, we fully embrace the power of faith as something that is shared universally by billions of people all over the world. However, voluntary blindness to what actual price is doing is not God’s will nor a sound investment process. Investors should remind themselves of the countless stories of companies whose time arrived, came and went and, with it, the fortunes of all those hopeful, prayerful investors that hung on as price eroded into nothingness when the companies’ shares disappeared from public markets. In fact, of the original Dow 30 stocks, if you held all 30 stocks from the inception of the Dow Jones Industrial Average itself, 97% disappeared with only General Electric surviving to this day.
At Damon Vickers and Company, our goal is to handle trades on behalf of our clients in an active manner as to seek to minimize losses and maximize gains. Our goal is to seek assets that rise after we purchase them or fall in value after we sell them. We don’t need bull markets to make money more than we need bear markets to do likewise, as we embrace both.