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Forbes: The New Rules of Money

#1 Buy and Hold at Your Own Risk

These days buying a stock or fund and expecting to hold it forever can be hazardous to your wealth. A buy-and-hold strategy works well when markets generally go up for long periods of time. But it stopped working a decade ago. Says economist Gary Shilling: “You need to be a jungle fighter rather than an easy cruiser.” Monitor your holdings and be prepared to sell losers and buy into big trends.

(Photo via Forbes)

More from Forbes:
See More of the New Rules Of Money
20 Stocks Poised To Pay A Special Dividend
Cities Where Home Sales Are On Fire

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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