Well, if you are going to own individual stocks, you need to find the time to re-assess each holding every day. I do not think that you can determine a stock to be a long-term hold ahead of time. Not saying that no stock is a long-term hold, just that it is impossible to know ahead of time. A lot of things can happen.Even if you hold index funds or ETFs, you still need to pay attention.Whenever you buy something you should decide under what circumstances you would sell. You may change your decision criteria at some point for some reason, of course, but you should always have sell criteria.
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