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To: Paul Senior who wrote (71328)10/14/2022 1:13:37 PM
From: Elroy  Read Replies (1) | Respond to of 78763
 
Anyone who buys SIMO, for example, should have an idea of how long they will hold it

I disagree. How can you have a plan about the future when the future is unknown?

You may think you'll hold it for three years under some expected scenario when you buy it, but that time horizon might change the next day (for example, the next day SIMO declares previous financial statement unreliable!!).

For me it doesn't make any sense to have any solid idea about how long you'll hold a stock, because future unknown events are likely to change that time period.

You can't have a good idea about how long you'll hold a stock unless you know the future, which we don't.

Changing fundamentals may change your time period, and also a changing share price may change your time period. That's enough to me to say don't have a time period at all.

At most, I may have stocks that I hope to hold for the rest of my life - GOOGL seems like one of those. Maybe T. Maybe JNJ. But you know, it's life, in 10 years things may be very different.

Now.... options are a different story. They expire!