Sunday, January 29, 2012
So in July/August whenever that monstrous dip in the market was, I bought some Apple shares. Only 3 actually. At the time, Apple was down to like $367. Well this week they absolutely rocked earnings and hit an all time high at like $450. Killer money. I wish I had taken my whole freakin portfolio and bought Apple that day this summer. I would be up A LOT. Much more than the stupid buy and hold index funds has done for me over the last 10-15 years that I've been following this "good girl" approach. I am increasingly convinced that buy and hold does not work anymore and the only way to play the market to make any $ is to actively trade. I'm going to keep buying individual stocks like AAPL when they dip and see if I can make $ that way. The only thing is that its in my taxable account, so I want to hold it for a year so I only play long and not short-term capital gains.