Buy and Hold Myth Part 2
The buy and hold myth continues with part 2 of 6 explaining how long term investors are gambling on their family’s financial future. Barrack Obama urges “common sense” in financial regulations.
US President Barack Obama, speaking a year after the Lehman Brothers‘ collapse, warned against complacency as the financial crisis ebbs and said the US must have a new regime of “common-sense” regulations to avoid another market meltdown.”
I am urging those with 401k’s, 403b plans to use a little common sense when you are choosing a long term buy and hold strategy. During this Secular Bear market, lasting 18 years, you should take steps to protect any gains you have left.
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