Only Fools Believe In Buy And Hold, The World Is Ending, Etc.

When I discuss the concept of holding stocks for 25+ years and letting the growing cash dividends surround you like Scrooge McDuck when he does his daily money bath swim, I often hear from people that wonder how you can avoid investing in some of the companies that have fallen from their former glories such as Eastman Kodak, Sears Holdings, etc.

http://www.youtube.com/watch?v=aPX5mRSQ3pw

In the case of Eastman Kodak, you would have beaten the S&P 500 since 1993 had you taken your Kodak dividends as cash and held on to the Eastman Chemical shares that would have been spun off your way.

Now, I’d like to take a moment to review the historical performance of Sears since 1993.

For one moment, let us pretend that we are back in time, initiating a position in Sears Holdings in June 1993. Although Sam Walton’s Wal-Mart empire has moved from nipping at the heels … Read the rest of this article!