So since I will most likely be banned-- to my own benifit-- I will leave you with this market crushing crap. I know it wont matter because you will pick whatever timeline you like, and the market is going to go to hell soon anyway. Have a nice life
Come on, Mr. P, this last quote is not like you. Your posts are frequently entertaining, and I'm glad you're on the forum.
The pushback you get is because you often seem to be all over the place with your recommendations. I suspect that just by being on this forum, you're probably doing reasonably well in terms of savings, making smarter spending decisions, and investing at all--because the market does tend to go up (notwithstanding the latest prediction) over the long term.
But the reason buy and hold often works, and the reason why indexing often works, is because there are so many people making bad decisions that are consistently predictable based on behavioral economics. People buy high and sell low. They believe they know more than all the money invested in the market. They believe they can read a balance sheet better than everyone else. They place bets on things that might go huge, like lottery tickets. And they believe they're unique and immune from the behavioral mistakes that people consistently make.
A lot of your recommendations and predictions--and you do make a lot of them, which is why you're so well known and probably targeted--often seem to fall right into these traps. Which is not surprising, because you're human, and these are the common human errors.
Buy and hold indexing works not because it's inherently amazing. It works because it's a system that prevents people (if you stick to it!) from falling victim to the behavioral errors that happen because you're human.
So please don't try to get yourself banned. Your posts capture a different view, especially on non-investing topics. But just understand that you will keep getting the responses like this when you post market predictions or stock recommendations that could go badly for people, most of whom will benefit from buy and hold indexing.
Good stuff.