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Dillon Loomis
@DillonLoomis
Joined August 2016
928 Following    59.2K Followers
In our data driven culture, the internet will likely convince you that if you're not trading in and out of stocks, using margin or using derivatives that you're leaving something on the table Let me say this with the ultimate conviction - this could NOT be any further from the truth. It is still a completely viable stategy to continually buy stock in high quality companies over 20 years and do nothing but wait (assuming that company continues to innovate and execute) I have nothing against anyone using the aforementioned tactics, but don't ever let yourself feel like you're missing out by not doing more than DCAing. It's still effective to be "boring" and just buy and hold. And yes, this includes through periods where $TSLA stock moves sideways for five years Could you have made more elsewhere? Maybe. But will you also still end up doing great if you just kept buying during that time and you hold those shares for another 5-10 years? Absolutely It's still cool to think about investing in terms of decades, not months. Your mental health will also likely be much better taking the simple, proven approach to building wealth where you're not a slave to every news cycle
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