There are many different views when it comes to how you should manage your stock investments. There are essentially two ways to make money in the stock market: fast and risky or safe and steady. While traders adhere to the former paradigm, most investors fall into the latter category. Many people buy index funds and mutual funds systematically and that works in perpetuity, but for those actually buying and selling individual stocks, I want to speak to how you go about doing this. I want to focus on the the buy and hold strategy, and I will put my 2 cents in as to what has historically worked best and what I think you should do. We will discuss:
1. Pros of Single Stocks
2. Cons of Single Stocks
3. The Details of The Buy-And-Hold Strategy
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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in Monday as talk about reverse mortgages which ARE NOT good uses of your home. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!
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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)