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To: Crimson Ghost who wrote (81760)12/30/1999 10:58:00 PM
From: Simba  Read Replies (1) | Respond to of 86076
 
Although I am not a buy-and-holder, this article re-affirms that it is OK to buy and hold famous indices such as DOW30, SPX etc, because they are actively managing them so that the indices keep going up. I think this calls for Dollar Cost Averaging of the indices since they atleast are manipulated to come back. Same does not apply to most stocks, imagine a guy holding Philip Morris or Sears during this bull market !

Simba