G12mo
I don't agree . Investing in companies is all about timing . This sit and hold is the stuff that the fund management industry wants you to believe.
To illustrate the point and this is not to show off as I have made my losses like all of us , I have made six figure gains on all three stocks on some more than once . Cumulatively COE has delivered 200% plus DLS over 100% and BPT about 80% over a few years
But let's look if I bought and held
Coe entry at 50s initially and then again at 30s
Bpt and 60 , and 90 and 110 and 48 and 46.5
dLS at in the high 40s and then high 90s , low 70s and 50
If I didn't time the market, I would have lost on all of them as of today based on an average entry even if I had only bought my first parcel years ago and done nothing else, I would only be up on DLS. Collectively by timing entry and exits the gains have been over 1m . I don't say this to boast at I lose half in tax as a professional trader but i say it only to illustrate the point that timing is everything, not for the market but for individual stocks .. Absolutely
DLS Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held