Buy-and-hold works - up to a point

[yeokiwi]

I think my greatest lesson learnt in this article is missing out the best 10 days would only yield 1.4% in long term. I should learn to stay vested and not cash liquid as much as possible.

It is hard to get in and out during the best 10 days at the right moment.
2012 was probably a good example. Everyone thinks it was going to suck but it turned out to be one of the better years in the last decade.

It is probably easier to get out of lousy stocks and get into good stocks as long as one is not too emotional and hesitant.