The strategy an investor should use will depend on the original investment intent when the securities are purchased. What is the purpose of the purchase? What is the reasoning in terms of investor age, goals, risk accommodation, and psychology?
And, most importantly, the extent of discipline the investor has
decided for that strategy.
decided for that strategy.
Provided, the investor is one of the few who can be really disciplined. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewHole tweets.)