Ep 190: Is 'buy and hold' still relevant?

We took a mini-break (and you KNOW we needed it) but we're back, and today we're tackling the sacred cow of financial planning: BUY AND HOLD. 

Let's face it, investing isn't a spectator sport and the pandemic proved that even the most "set-it-and-forget-it" advice can get messy. Plus research shows investors are holding stocks for less time than ever before. So this week, we’re asking if the classic "buy and hold" strategy is still the cornerstone of financial wisdom, or has the rise of day trading, sports betting, and cryptocurrencies rendered it obsolete? 

Don't expect simple answers, because investor psychology isn’t that simple, but we promise some surprisingly insightful takeaways

We explore:

• Why “buy and hold” is the American way and what that means in the era of instant notifications and market fluctuations
• How the emotional and psychological realities of modern life challenge even the most well-laid financial plans
• The rise of “bro-conomy” investing, and why the appeal of day trading and sports betting is harder to resist
• How to use robo-advisors to tame your inner FOMO without losing your shirt (or your retirement funds)
• The importance of financial literacy and diversification, beyond the simplistic "buy and hold" mantra
• A peek behind the curtain into our own HSA investment strategy and a warning about the illusion of easy wins

Links:

• The Three Pillars of the Bro-Economy via The Atlantic 
• Episode 171: Why you need a brokerage account 

Connect with Julien and Kiersten on our website, Instagram, Twitter, and YouTube.

Join our email list to get updates from us, opportunities for discounts, freebies and a quick rundown on the relevant financial and career news impacting your life.

Get our book Cashing Out: Win the Wealth Game by Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes

If you would like to learn more about investing, check out our newest class, Making Money Grow