One of the people I follow on Twitter recently retweeted a tweet made by CNBC’S Jim Cramer, remarking, “Who says buy and hold doesn’t work?”
Cramer had tweeted a screen shot another user had taken of his brokerage account and tweeted.
This investor did not post this to brag or show off. He did it to show evidence that a “buy and hold” strategy can and does work over the long term.
He owned both Apple Computer (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) for years. His profits on both were over $500,000.
He tweeted that he ignores the negative headlines and short term sell-offs in the market, as well as in his holdings.
This man’s “buy and do nothing” style is exactly what I preach in my book, The Stock Market is For Everyone.
If you have not already done so, start buying and start holding!