Re: Buy and Hold vs Market Timing
If you are satisfied with 7% average interest over 10 years, there is absolutely no reason to market time, and plenty of disadvantages, such as trading fees. Rather stick it in a good value invested mutual fund. I think this works safely up to about a 12% yield.
If you want to make more than 12% interest, than studying and playing with individual stocks is the way to go. Here is a recommendation: time it to put your money into Berkshire Hathaway when Warren Buffet dies, so you get the stock at a low price. And then forget about it until you want to spend it.
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