MYTH--"BUY AND HOLD STOCKS FOREVER RIGHT?"

Buy and hold stocks forever is a thing of the past. There was a time when you could buy a stock and pass it on to your heirs. There was a time when you could retire and the value of your employee stock purchases would provide a nice retirement.

Those days are long gone! Yet, people still believe that they can buy a stock, sock it away, and someday in the future, just in time for retirement or to send the kids to college, it will be worth millions.

Unfortunately, this is not the case. People are finding that the "Quality" stocks that they have been holding for years are not worth what they were hoping for. In many, many cases, not even worth what was put into them. And people are relying on this for their retirements.

Just think of Enron, or General Motors. I am sure you can think of many other Companies that once dominated their markets and have now disappeared or whose stock prices have been reduced to a small percentage of what they once were.

Contrary to popular belief, all companies go through cycles. The value may increase one year and decrease the next. Any "paper profits" you would have gained the first year would have disappeared the next. Even if you were fortunate enough not to lose any money, you still lost TWO YEARS of earning potential.

Don't get caught up in that passive approach to trading. Instead, take control. Don't leave your future up to the overpaid corporate directors who are obviously looking out for themselves.

Take your future into your own hands. Subscribe to a different philosophy. DO NOT buy and hold stocks! Trade only the stocks that are moving in the right direction and only for as long as they make you money!

Stocks that are not performing should be eliminated from your portfolio, plain and simple...no matter what the stock is.

Take a more active approach to growing your wealth.

Why keep your hard earned money in a stock that is moving against you? Because you grew up with that company? Because they have good products? Dump them. Dump them all. Dump them quickly. This is your future.

Somehow we have grown up thinking that we should be loyal to a given company and so we should support it by buying their stock and holding it and that it is "Anti-American" to buy and sell stocks in a way that benefits us, the lowly individual.

It is time to change that thinking. These companies are not going to take care of you in retirement. Heck, many of the "Quality" companies that you have grown up with won't even exist into your retirement. Globalization has caused many changes and will continue to change the American landscape at a faster and faster rate.

If you want to learn how to invest in stocks, let Stock-Market-for-Beginners.org be your guide. This is a stock market for dummies site. Here, we KEEP IT SIMPLE!

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