What is it about 5 years? | July 31, 2020
The stock market has for years lived on this idea of holding stocks for 5 years. Why? Because, many novice traders/investors think the longer the timeframe the better their chances are that their predictions will be right. People who think this live on Hopium. I wonder if these individuals who push 5 year predictions if they will be willing to 🔐 up their shares without gaining access to their shares for 5 years.
If you can give a price prediction five years out you should be able to predict where you will be in 5 years. I'll wait.
Tell us your thoughts.