"I must say that people at SI seem to ... trade too much"
Guilty as charged, sir!
In my defense, I confine that activity to an internet brokerage account set up to find out if I could "trade" any better than my long term "buy & hold" strategy. The internet accounts ( 2 actually ) are about 15% of my total investments. If I prove to myself that I can trade profitably, the percentage will be increased. If not, I'll stop when I've paid enough "tuition" for my trading lessons.
Some of the stocks I talk about, like Dell, Rambus and Cisco, are in my long term account. Cisco for about 4 years, sold off 4/5ths in August. SPBC, which I bought at the IPO 10 years ago, (worked there at the time) 10x increase in 10 years, sold off maybe 3/4 of the original over the years. I now make myself drive over to the broker's office to make changes in that account, in order to avoid impulsive decisions.
I do not expect "buy & hold" to work as well over the next 10 years as it has over the last 10.
Thanks for reading,
CL
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