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History has a calming effect as I hold on to stocks by my fingertips
(by Noreen Rasbach, Globe & Mail -- November 15, 2008)
If you’ve recently been questioning your buy and hold investment strategy, you’re not alone. Noreen Rasbach of the Globe and Mail admits that "it’s easy to get disheartened by these volatile markets".
But Noreen takes confidence from a study by H. Nejat Seyhun, a professor at the University of Michigan’s Ross School of Business. The study found that between 1926 and 2004, less than 1% of the trading days accounted for 96% of the market gains.
According to Dr. Seyhun, "part of the market discount is to provide additional rewards for staying in the market when a lot of other people just don’t have the guts to do so." So far, Rasbach is sticking it out."
