American Funds Funds Mutual
Buy, Hold, and Lose
Regardless whether the economy is bull or bear, the investment broker will usually tell his clients to keep investing. In good times he will point to previous performance to solicit funds, in bad economic times he will say the market is undervalued and what goes down must go back up.
Is this ideology true? Should the saying be ‘buy, hold, and prosper’ or ‘buy, hold, and lose’?