"If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value."
(Warren Buffet)
To buy some stock to keep it over years? Come on that was yesterday....
Today we need active traders or even better Daytraders!
At least that´s what more and more people and so called stock market specialists keep telling you nowadays. They mostly explain it with the stock market having a higher frequency and ways more price fluctuations. In their opinion you shall not be married to a stock but rather trade it quick as flexibility is the alpha and the omega...
Okay, so far so good. This means the Investor of today got to trade. He got to trade as fast and often as somehow possible. But whoever sees his stock as a One Night Stand, got a Problem, as he never knows when the right moment for a sale has come. Is it whenever the stock is down in order to prevent further losses? Whenever it´s up a little, to secure the profit? But in case the price develops differently from someones expectation, what´s he doing then...?
It definitely got more hectically and faster on the stock market but this doesn´t mean that you have to trade every few minutes to gain some profit. The good old growth-strategy isn´t outdated yet, for sure not!
The ups and downs on the markets may have increased but this isn´t the fault of the Companies but the Investors. It´s them running after each single news announcement out there, which won´t change the fact, that the price will always reflect the companies development in the longrun.
So whoever is brave enough to "bet" some money on a company and to keep the stock even in the worst downs will be rewarded for it in the end. Making a stock your spouse is definitely still a successful way of increasing your wealth and for sure the less worrisome in todays markets.
Just like Warren Buffet said, If you aren't willing to own a stock for 10 years,
don't even think about owning it for 10 minutes...
I think it´s the same for all cryptocurrencies like Steem or what´s your opinion?
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(A Proud German Ambassador from & for #Teamaustralia!)