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Replies to #388 on Justa's Dive Bar
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MathProf

12/28/06 5:10 PM

#389 RE: chainik #388


<<it is pretty well established that the "correct" solution is buy and hold>>

<I suppose most of the posters here either don't believe in this conventional wisdom or are not familiar with it (g).>

Exactly what I am trying to understand better. Wisdom is not merely conventional, but comes from data.

<I did well trading some of the juniors and SA miners, but, on average, buy and hold would do better. I started buying gold miners when HUI was around 100.>

100! Super! Congratulations.

<I do very little trading in Roth and in 403b because of transaction costs; most of the short-term trades are in conventional accounts. I do pay taxes :(>

Well, then, you are making money! But don't you hate paying those taxes? It's hard to do well with a drag like 20+% or more of profits due to taxes. OTOH, I have held a lot (for me) of msft since it was cheap (mid nineties), because I couldn't pull the trigger on a sale, hating those taxes. What a waste.

MP