How to HODL
Holding on for dear life, explained.
Two words: don’t sell. That means buying for the long term. Stocks. Crypto. Real Estate. NFT’s. Everything. This, in essence, is HODL.
Why HODL
Smarter people than I have, in their infinite wisdom, figured out that most people who sell stocks, lose money. People are shortsighted. Impatient. By committing to HODL for periods of 5–10+ years, investors can reverse this trend. It’s difficult. It’s long-term. But a lot of the time, it works.
When HODL
Today. Tomorrow. Only you know when it’s appropriate for you to start HODLing. Personally, I can afford to shove half my monthly paycheck into an investment account and sit on it. Sometimes, I don’t have the money. Sometimes, I have a little bit extra.
Generally speaking, the sooner you put money in the market, the more time it has to ride out busts and profit from booms.
Where HODL
Brokerages. Property. Crypto wallets.
Personally, I HODL stocks on Robinhood and crypto on Coinbase.
Who HODL
Me. And maybe you. And probably these guys.
This is not investment advice.
