As I was scrolling through Twitter last week, I saw a chart that stopped my finger in its tracks. It shows the average time people have held stocks for the past 90 years, according to the NYSE: I have a few thoughts. First, trading was really popular in the 1930s. Second, the peak holding period in the 50s and 60s was still only 8 years!? And third, people are holding onto their stocks for less and less time as the years go by. The average holding period is currently less than one year.
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Holding Stocks is Hard
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As I was scrolling through Twitter last week, I saw a chart that stopped my finger in its tracks. It shows the average time people have held stocks for the past 90 years, according to the NYSE: I have a few thoughts. First, trading was really popular in the 1930s. Second, the peak holding period in the 50s and 60s was still only 8 years!? And third, people are holding onto their stocks for less and less time as the years go by. The average holding period is currently less than one year.