MQG $150, page-578

Agree with you 100%. From experience we super charged our returns by switching to buy hold and reinvesting over trading stocks. I think things have changed since the last GFC we had. If you noticed stocks like CBA, and MQG that made the biggest gains from their lows in the GFC found support much quicker than other blue chips and therefore did not see as big a falls from covid as other stocks did.

One of the tricks that is hard to do in such times is to reduce your holdings in stocks that were least affected and rotate the funds into strong stocks like MQG that were hit harder and leave you a path of much higher returns during their recovery. Events like these always present windows of opportunity when you see great stocks going for 10 year lows.

You also have to look at a stock you have held long term may have gone up 300% so its no biggy if you see a 40% retraction when you are up so much to start with.