To: refugee investor who wrote (456 ) 6/4/2010 10:41:28 PM From: Italian Investor Read Replies (1) | Respond to The long-term buy and hold idea is of course to find a superior company, like a boring tobacco co for instance, that will probably do a few % better than the average, on average over time, so you get more benefit the longer you hold it. (In reality this works best for very young people who are going to live to be 100 and who make the right pick! ) And you minimize taxes and transaction costs too. But in my opinion buying and holding is just easier than some things, because you only need to make one decision. It is not that it is so great, just that it is much less worse than a lot of other things..I often get distracted, or get some hairbrained idea, and not doing anything at all is protection against screwing up
