Investing for the next 10 years? Are you nuts?

The concept of long-term investing is for all practical purposes, dead. Many investors in this age of by-the-minute business news channels associate long-term investing as holding a stock for a whole one year. Gone are the days when we would still have the shares that our father or grandfather bought. And we are paying the price for it -- dearly! Busting the Myth The main criticism against long-term buy-and-hold strategy is that we live in a world that is changing by the day. Nothing -- not even profits, market shares or the stock price remain as they are in the future. So the best course of action, is to buy-and-sell. Amateur investors alone don't fall for this view. A top ranking Mumbai based fund manager that this writer interviewed a couple of years back had this to say, “How can you say what will happen in 1

This article was originally published on December 28, 2018.