During the zero-interest-rate policy (ZIRP) era, unhedged buy-and-hold equity strategies rewarded you for sitting on your holdings. “Don’t trade stocks, own them,” they said. That led to a surge in S&P 500 Index ($SPX) investing that probably even went beyond the dreams of index pioneer Jack Bogle, the late, great Vanguard founder.
But this is not the 1980s, and this is not a market that only the very wealthy are active in. Not with algorithms running the show. Those good old days of buying and holding are not coming back soon.
