Buy-and-hold is alive and well and living (ubiquitously) in the Vanguard funds, courtesy of Jack Bogle. Invest for the long-term, stay the course, stocks beat bonds over the long-term; he trotted them all out in a recent CNBC clip but then left the permabull host speechless when he noted:
- *JACK BOGLE SEES 2 DECLINES UP TO 50% OVER NEXT DECADE
Of course, investors should not wait for these dips to buy (he suggests), as no one can time the markets. Better to hold your nose, feel lucky [2], and drip-feed your money-on-the-sidelines into something that he suggests will drop by half twice in a decade. It seems someone went a little off script.
Just keep holding... it'll all be ok in the end...
[3]
Charts: Bloomberg