We took a mini-break (and you KNOW we needed it) but we're back, and today we're tackling the sacred cow of financial planning: BUY AND HOLD.
Let's face it, investing isn't a spectator sport and the pandemic proved that even the most "set-it-and-forget-it" advice can get messy. Plus research shows investors are holding stocks for less time than ever before. So this week, we’re asking if the classic "buy and hold" strategy is still the cornerstone of financial wisdom, or has the rise of day trading, sports betting, and cryptocurrencies rendered it obsolete?
Don't expect simple answers, because investor psychology isn’t that simple, but we promise some surprisingly insightful takeaways
We explore:
- Why “buy and hold” is the American way and what that means in the era of instant notifications and market fluctuations
- How the emotional and psychological realities of modern life challenge even the most well-laid financial plans
- The rise of “bro-conomy” investing, and why the appeal of day trading and sports betting is harder to resist
- How to use robo-advisors to tame your inner FOMO without losing your shirt (or your retirement funds)
- The importance of financial literacy and diversification, beyond the simplistic "buy and hold" mantra
- A peek behind the curtain into our own HSA investment strategy and a warning about the illusion of easy wins
Links:
- The Three Pillars of the Bro-Economy via The Atlantic
- Episode 171: Why you need a brokerage account
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