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Old 03-08-2015, 09:37 AM  
GFED
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Join Date: May 2002
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Quote:
Originally Posted by Joshua G View Post
yes. im ny opinion, you should retire from trading & become an investor. This recent news clarifys why...basically the cost of frequent trading overwhelms the gains of a portfolio relative to buy/hold.

Warren Buffett on track to win hedge-fund bet - MarketWatch

i know trading is far more fun than sitting in a stock for a decade. But the 1000% monster gains come from holding apple computer since 2005. trading costs destroy any comparable gains over the long run.

your best bet is to buy exxon, wait 10 years, & you will be better off than trading over 10 years.

GL.
Thanks Joshua for the feedback. Yes, XOM is a dividend aristocrat and I plan on holding long term even if I get put the stock.
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