Is Buy and Hold Dead?

Buy and hold isn’t buy and hold at all. It’s really buy and hope.

At Damon Vickers and Company, we fully embrace the power of faith as something that is shared universally by billions of people all over the world. However, self-chosen blindness to what actual price is doing is not God’s will nor a sound investment process. Investors should remind themselves of the countless stories of companies whose time arrived, came, and went and with it so did the fortunes of all those hopeful, prayerful investors that hung on as price eroded into nothingness as the companies shares disappeared from public markets. In fact, of the original Dow 30 stocks, if you had held all 30 stocks from the inception of the Dow Jones Industrial Average itself fully 97% disappeared with only General Electric surviving to this day.

At Damon Vickers and Company, our goal is to effect trades on behalf of our clients in an active manner as to seek to minimize losses and maximize gains. Our goal is to seek assets that rise after we purchase them or fall in value after we have sold them. We don’t need bull markets to make money more than we need bear markets to do likewise, as we embrace both.

*Maine, Montana, and Rhode Island residents please consult your local investment advisor for investment services.Investing in securities and the financial markets involves risks, such as currency fluctuation, political risk, economic changes and market risks. As with all investments, an investor should carefully consider his investment objectives and risk tolerance as well as any fees and/or expenses associated with such an investment before investing. Investing in financial markets and their publicly issued securities may not be suitable for all investors.