Forget buy and hold — here are 10 rules to help navigate this dicey market

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10. The goal of portfolio management is a 70% success rate MondayMotivation

Buy and hold... and forget. Time in the market, not timing the market. Anybody who has ever contributed to a retirement account has probably heard the tried-and-true approach Wall Street pros have been peddling for decades.

Berkshire Hathway’s BRK.A, -0.52% Warren Buffett, Rosso said, is often held up as the shimmering example of the ultimate buy-and-hold success story, but here’s a list of stocks the Oracle unloaded in the third quarter alone:— 1,640,000 shares of Sirius XM SIRI, +0.59%“Despite mainstream media to the contrary,” Rosso said, also pointing to the likes of Paul Tudor Jones, Ben Graham and Ray Dalio, “all great investors have a process to ‘buy’ and ‘sell’ investments.”1.

4. Follow the trend — “80% of portfolio performance is determined by the underlying trend... investors should understand how important an underlying trend is to the generation of returns.” 7. Try to avoid adding to losing positions — “Paul Tudor Jones once said ‘only losers add to losers.’ Cutting losers short, like pruning a tree, allows for greater growth and production over time.”

 

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The only successful investors that's I've seen/witnessed are buy and hold and very passive.

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