Why buying and holding is a good strategy for stock investing

For all the bad things supposedly raining down on Wall Street, it’s shaping up to be a big year for stock bulls who simply sat tight and refused the temptation to outsmart the market.

In fact, buying and holding equities has trounced 22 technical strategies used by traders to navigate their ups and downs. The sit-still plan has paid off handsomely after the S&P 500 touched its 2023 low on Jan 5, only to climb steadily to its highest point in December.