Obviously buy and hold isn’t an ultimatum. But MF rarely sells. I recently looked at their stock screener and they have some stocks that have been on their list for many many years and have dismal returns. It really takes some extreme circumstances for them to bail on a company.
hyper growth is a very specific strategy. It’s Buy and Hold…for as long as certain criteria are met. That’s not really buy and hold any more than someone holding a match is going to hold it for very long. I’m sure you’d agree MF operates much differently. Trust me, they are not hemming and hawing about UPST like many here on the board. And would Saul have stuck through the vicissitudes of Netflix to gain 30,000%?
As for saying buy and hold is akin to buying a mutual fund, MF returns far outpace the markets. Are they right all the time? No. But if u choose their recommendations wisely, you can do fairly well. And maintain your sanity. They are OK missing on a stock because they believe 80% of your gains will come from 20% of your picks. So they’re playing baseball whereas this board is practicing archery.
I’m in the middle of these two strategies right now and thats hard to reconcile. I haven’t been on this board long so I’m not sitting on large gains. I don’t have the temperament to have 25% of my portfolio on any one stock but I committed to UPST far more than I have ever done before. On the heels of LSPD, I’m doing some soul searching on what kind of investor I want to be and what matches my mental make up. I’m still working through it.