Buy-and-hold strategy

Definition:

A passive investment strategy with no active buying and selling of assets from the time the portfolio is created until the end of the investment horizon. Opposite of active strategy.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Mutual fund theorem

A result associated with the CAPM, asserting that investors will choose to invest their entire risky portfolio in a market-index or mutual fund.

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