Fiction: "Buy and hold" should be the only maxim investors live by.
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Fact: Taking a long-term approach is a sound investment strategy, but that doesn't mean every investment purchased should be kept forever. Changes in your personal situation, the market, or within the management team of a specific investment may necessitate a change in your holdings. The key is to employ an appropriate asset allocation strategy, matched to your goals, time horizon, and risk tolerance.
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