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, 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...