Yes, but consider the "accumulation phase" (pre-retirement) vs. the "distribution phase" (retirement). At some point, you need to sell part of your portfolio to to pay your bills []. Check out "sequence of returns risks".
Or buy annuities, setup a bond ladder, or hold dividend stocks, but these have their own, related issues.
Early in the accumulation phase, however, I completely agree with you -- you're making the central argument for a long-term buy-and-hold strategy.
Or buy annuities, setup a bond ladder, or hold dividend stocks, but these have their own, related issues.
Early in the accumulation phase, however, I completely agree with you -- you're making the central argument for a long-term buy-and-hold strategy.