Hold AOL for a few years, you'll make THE MOST money doing that....In fact, let me Challenge you.....If you are going to trade in and out of AOL, timing it as best you can, keep track for the rest of the year just how much profits you've gained for the entire year.....At the end of the year calculate how much you would have made had you just rode the ups and downs out.......I can just about guarantee you you would have come out ahead by several hundred percent by Holding through the ups and downs......
I tried this experiment in Real Life on DELL a couple years ago for 6 months....At the end of 6 months I profited somewhere between $3-4,000 dollars "Trading" DELL....Using the same original investment amount and calculating how much I would have profited by Buying and Holding DELL it almost made me sick...I would have increased my original investment by about $75,000!!!
Buy and Hold IS HOW to increase your wealth, if that's what you would like to do.
Regards, George
(BTW, I am up nearly 1000% for 1998 by doing what I just described above-Bought and Held, for over $100,000 profit, excluding all margin costs.) |
