Myths about Buying and Holding Part 3
The Myths about Buying and Holding Stocks for the long term is just that, a Myth! In Part 3 of the Video series I am show you where the Baby Boomers begin moving the market, first as dependents, then as consumers. My blog post last year about the Great Depression or Recession I wrote, ”
Currently, the demographics are unclear relating to the baby boomers, yet by Nov. 4th, when the elections are closed will there be riots on main street or a selling riots on Wall Street?”
Looking at the stock market for the previous secular bear market, you can see for yourself, the market didn’t make new highs, but was stagnant. The Demographics of the Baby Boomers, were still in the early stages of getting their first jobs, starting their families, and begin to invest through their company’s 401k plans. The baby boomers were early adapters of the new technologies to increase their productivity.
Coming out of the 1966-1984 secular bear market, they begin the Greatest Bull market that will never be repeated again. Stay tuned for Part 4 of the “Buy and Hold Myth”.
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