I was posed with a question the other day as to what my INVESTMENT STRATEGY was...Simply put, they wanted me to define my strategy in a paragraph. I then realized that my strategy is a mix of 3 or 4 different investors on this board. Interesting huh?? .... Out of curiosity, how would you define your investment strategy in a paragraph or less.
I have two, for each brokerage account. I have a Roth IRA and a regular trading account. In the IRA, my strategy is find a solid company and maybe an index fund or dividend paying stock and buy and hold.
For my regular trading account, it's for quicker turnarround on my investment. I look for 1-week to 1-month trades that are obviously more risky than a long-term hold. I then take these gains and immediately re-invest them, continue to build my account.
I've never withdrawn a cent from my account yet, as I want every penny I make to continue to grow and make more pennies Then in a few years when I want to buy a house, a fancy car, etc. I can take out the money without even a second thought of affecting my other savings accounts. I look at it as my high-yield savings account