Not exact matches
Individuals who
hold virtual currencies will, like with traditional
stocks or bonds, be taxed according to short or long -
term capital gains.
Like
holding individual stocks, it can be a distraction from your long -
term investment goals.
The main argument by Malkiel to this point has been made by many before: Since
stock prices can not be predicted in the short
term,
individual investors are better off buying and
holding an index fund instead of «meddling» with
individual securities or even active managed funds.
I wouldn't own an
individual stock outright unless I know the
stock well and will
hold only a smidgen of it for a relatively shorter
term.
Unfortunately, it wasn't'til late - 2016 / early - 2017 I finished off building / averaging in to most of these new
holdings, so only recently have I finally been able to express this overall portfolio thesis in
terms of
individual stock write - ups — my rash of posts re Applegreen (APGN: ID), Record (REC: LN)(which was actually the new Volatility allocation I mentioned in this Aug - 2016 post), and Alphabet (GOOGL: US)(Company D in this Jan - 2016 post) are good examples.
Building a portfolio by selecting
individual stocks can be financially rewarding, but finding companies that are worth buying and
holding for the long
term can be time - consuming and involve more risk than some investors are comfortable with.