Holding period for a stock may be forever. Warren Buffett is famous for saying, “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for 10 years.” By this, he's saying that he wants to buy good, solid investments that will pay off over the long run.
Ignore short-term fluctuations. Patience is the key to investments. When Buffet buys a stock he buys it with the view of holding it for life. When you invest in the stock market, think for long term and not quick gain through trading.
If you want to learn more, check out these resources:
- How To Overcome The Fear of Investing in the Stock Market
- The College Student's Guide to Investing
- 10 Reasons Everyone Should Learn How To Invest
Check out the rest of the Daily Investing Tip Series here.