{"id":9583,"date":"2021-09-24T17:00:45","date_gmt":"2021-09-24T15:00:45","guid":{"rendered":"https:\/\/schweizerfinanzblog.ch\/buy-and-hold-5-strong-advantages\/"},"modified":"2025-11-04T11:57:10","modified_gmt":"2025-11-04T10:57:10","slug":"buy-and-hold-5-strong-advantages","status":"publish","type":"post","link":"https:\/\/schweizerfinanzblog.ch\/en\/buy-and-hold-5-strong-advantages\/","title":{"rendered":"Buy and Hold: 5 strong advantages"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>The dazzling stock market legend Andr\u00e9 Kostolany once said: &#8220;Buy shares, take sleeping pills and stop looking at them. After many years you will see: You are rich.&#8221; In this article, we examine the undisputedly most boring, but probably most underestimated investment strategy: buy and hold. We show you how simply it works, where its opportunities and pitfalls lie and why it is not welcomed by the financial industry. <\/strong><\/p>\n\n<link rel=\"stylesheet\" href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/themes\/schweizerfinanzblog\/components\/post-info-component\/post-info-component.css\">\n<div class=\"post-info-component\">\n\t\t<div class=\"von-and-comments\">\n\t\t\t\t\t<a target=\"_blank\" href=\"https:\/\/schweizerfinanzblog.ch\/ueber-uns\/\">Stefan &#038; Toni<\/a>\n\t\t\t\t <span>| <a href=\"#comments\">1 Kommentare<\/a><\/span> \t\t\n\t<\/div>\n<!-- \t<div class=\"post-dates\">\n\t\tupdated on 11\/4\/2025\t<\/div> -->\n\t<div class=\"post-dates\">\n\t\tAktualisiert am\t\t<time class=\"entry-date updated\" datetime=\"2025-11-04T11:57:10+01:00\">\n\t\t\t4.11.2025\t\t<\/time>\n\t<\/div>\n<\/div>\n<link rel=\"stylesheet\" href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/themes\/schweizerfinanzblog\/components\/kurz-bundig-component\/kurz-bundig-component.css?v=2\">\n\n<div  id=\"jxSHZTQ\" class=\"kurz-bunding mb-3\" style='background-color:#f9f9fa'>\n\t<div class=\"d-flex kurz-bunding-title\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"kurz-bunding-icon\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2023\/01\/lifghtbulb2.png\">\n\t\t<\/div>\n\t\t<p class=''>\n\t\t\tShort &amp; sweet\t\t<\/p>\n\t<\/div>\n\n\t<div class=\"kurz-bunding-content\">\n\t\t<ul>\n<li data-start=\"165\" data-end=\"350\">Buy and hold means: <strong data-start=\"188\" data-end=\"217\">buy and hold.<\/strong> Instead of hectic trading, the strategy relies on <strong data-start=\"267\" data-end=\"304\">broadly diversified investments<\/strong>, rule-based <strong data-start=\"321\" data-end=\"336\">rebalancing<\/strong> and patience.<\/li>\n<li data-start=\"352\" data-end=\"560\">Those who remain consistently invested in a broadly diversified equity ETF participate 1:1 in the global market performance &#8211; historically around <strong data-start=\"454\" data-end=\"477\">8% return p.a.<\/strong><\/li>\n<li data-start=\"562\" data-end=\"753\">The <strong data-start=\"566\" data-end=\"586\">compound interest effect<\/strong> develops enormous power over the years: <strong data-start=\"630\" data-end=\"644\">CHF 20,000<\/strong> at 8% p.a. becomes <strong data-start=\"675\" data-end=\"695\">over CHF 200,000<\/strong> after 30 years.<\/li>\n<li data-start=\"755\" data-end=\"920\">Buy and hold requires <strong data-start=\"778\" data-end=\"808\">discipline and nerves of steel<\/strong>, but is scientifically well proven and usually more successful in the long term than market timing or stock picking.<\/li>\n<\/ul>\n\t<\/div>\n\t\t\t\n\t<\/div>\n\n<style>\n\t#jxSHZTQ .kurz-bunding-content li::marker{\n\t\tcolor: #37c392;\n\t}\n\t#jxSHZTQ .kurz-bunding-call-to-action a{\n\t\tbackground-color: #1bab78;\n\t\tcolor: #FFFFFF;\n\t}\n\n<\/style>\n<div id=\"toc_container\" class=\"no_bullets\"><p class=\"toc_title\">Contents<\/p><ul class=\"toc_list\"><li><a href=\"#What_is_a_buy_and_hold_strategy_and_how_does_it_work_in_practice\">What is a buy and hold strategy and how does it work in practice?<\/a><ul><li><a href=\"#Simple_implementation_of_8220buy_and_hold8221\">Simple implementation of &#8220;buy and hold&#8221;<\/a><\/li><li><a href=\"#Equity_ETFs_are_an_obvious_investment_vehicle_for_8220buy_and_hold8221\">Equity ETFs are an obvious investment vehicle for &#8220;buy and hold&#8221;<\/a><\/li><li><a href=\"#Individual_shares_and_8220buy_and_hold8221_do_not_go_together\">Individual shares and &#8220;buy and hold&#8221; do not go together<\/a><\/li><li><a href=\"#Conclusion\">Conclusion<\/a><\/li><\/ul><\/li><li><a href=\"#Can_you_get_rich_with_a_buy_and_hold_strategy\">Can you get rich with a buy and hold strategy?<\/a><ul><li><a href=\"#Earn_over_8_percent_return_in_the_long_term_with_buy_and_hold\">Earn over 8 percent return in the long term with buy and hold<\/a><\/li><li><a href=\"#The_power_of_compound_interest_with_buy_and_hold\">The power of compound interest with buy and hold<\/a><\/li><\/ul><\/li><li><a href=\"#Differentiation_from_other_investment_approaches\">Differentiation from other investment approaches<\/a><ul><li><a href=\"#Stock_picking\">Stock picking<\/a><ul><li><a href=\"#Stock_picking_using_fundamental_analysis\">Stock picking using fundamental analysis<\/a><\/li><li><a href=\"#Stock_picking_using_chart_analysis\">Stock picking using chart analysis<\/a><\/li><\/ul><\/li><li><a href=\"#Market_Timing\">Market Timing<\/a><\/li><li><a href=\"#Science_versus_stock_picking_and_market_timing\">Science versus stock picking and market timing<\/a><ul><li><a href=\"#8220_There_are_practically_no_serious_scientifically_recognized_studies_that_prove_outperformance_for_private_investors_through_intensive_trading_or_fund_picking_after_taking_costs_taxes_and_risk_into_account_A_simple_buy_and_hold_strategy_is_almost_always_superior_to_a_strategy_of_intensive_trading_or_switching_in_the_long_term_and_the_few_exceptions_to_this_change_from_time_window_to_time_window_so_are_probably_due_to_chance__8221\">\n\t\t&#8220; There are practically no serious, scientifically recognized studies that prove outperformance for private investors through intensive trading or fund picking after taking costs, taxes and risk into account. A simple buy and hold strategy is almost always superior to a strategy of intensive trading or switching in the long term and the few exceptions to this change from time window to time window, so are probably due to chance.   &#8221;  \n\t<\/a><\/li><\/ul><\/li><\/ul><\/li><li><a href=\"#Why_don8217t_most_investors_follow_a_buy_and_hold_strategy\">Why don&#8217;t most investors follow a buy and hold strategy?<\/a><ul><li><a href=\"#Own_greed_for_profit\">Own greed for profit<\/a><ul><li><a href=\"#8221_I_can8217t_tell_you_how_to_get_rich_quick_but_I_can_tell_you_how_to_get_poor_quick_by_trying_to_get_rich_quick_8220\">\n\t\t&#8221; I can&#8217;t tell you how to get rich quick, but I can tell you how to get poor quick: by trying to get rich quick. &#8220;\n\t<\/a><\/li><\/ul><\/li><li><a href=\"#Powerful_stakeholders\">Powerful stakeholders<\/a><\/li><li><a href=\"#Psychological_reasons\">Psychological reasons<\/a><\/li><\/ul><\/li><li><a href=\"#Advantages_and_pitfalls_of_the_buy_and_hold_strategy\">Advantages and pitfalls of the buy and hold strategy<\/a><ul><li><a href=\"#Five_advantages_of_8220buy_and_hold8221\">Five advantages of &#8220;buy and hold&#8221;<\/a><\/li><li><a href=\"#Five_pitfalls_of_8220buy_and_hold8221\">Five pitfalls of &#8220;buy and hold&#8221;<\/a><\/li><\/ul><\/li><li><a href=\"#Conclusion-2\">Conclusion<\/a><\/li><li><a href=\"#This_might_also_interest_you\">This might also interest you<\/a><\/li><li><a href=\"#Updates\">Updates<\/a><\/li><li><a href=\"#Disclaimer\">Disclaimer<\/a><\/li><\/ul><\/div>\n<h2 class=\"wp-block-heading\"><span id=\"What_is_a_buy_and_hold_strategy_and_how_does_it_work_in_practice\">What is a buy and hold strategy and how does it work in practice?<\/span><\/h2>\n\n<p class=\"wp-block-paragraph\">According to <a href=\"https:\/\/de.wikipedia.org\/wiki\/Buy_and_hold\" target=\"_blank\" rel=\"noopener\">Wikipedia<\/a>, <strong>buy and<\/strong> <strong>hold<\/strong> is an <a href=\"https:\/\/de.wikipedia.org\/wiki\/Anlagestrategie\" target=\"_blank\" rel=\"noopener\">investment strategy<\/a> that aims to <strong>retain investments over the long term<\/strong>. It also states that the basic idea behind the &#8220;buy and hold&#8221; strategy is to refrain from attempting to generate additional income by reallocating the portfolio (e.g. through stock picking) once the investments have been structured in line with <a href=\"https:\/\/de.wikipedia.org\/wiki\/Portfoliotheorie\" target=\"_blank\" rel=\"noopener\">portfolio theory<\/a>. <\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Simple_implementation_of_8220buy_and_hold8221\">Simple implementation of &#8220;buy and hold&#8221;<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">You can find out how easy it is to structure your assets in our article <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/asset-allocation-the-nuts-and-bolts-of-your-investment\/\" target=\"_blank\" rel=\"noopener\">&#8220;Asset allocation: the nuts and bolts of your investment&#8221;.<\/a> The decisive factor here is that you divide your assets into different asset classes on a percentage basis &#8211; and focus on them <strong>in the long term <\/strong>.<\/p>\n\n<p class=\"wp-block-paragraph\">So instead of constantly rebalancing according to the motto &#8220;back and forth empties your pockets&#8221;, you only rebalance sporadically, e.g. annually or event-based in the event of major price fluctuations.  <\/p>\n\n<p class=\"wp-block-paragraph\">You check whether the target values defined at the beginning (e.g. equity share = 50%) correspond (reasonably) with the actual values. If necessary, you make appropriate corrections in the form of transactions. <\/p>\n\n<p class=\"wp-block-paragraph\">As we will see later, rule-based rebalancing has a positive effect on returns. You can find out more about rebalancing in our article <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/your-assets-back-on-track-thanks-to-rebalancing\/\" target=\"_blank\" rel=\"noopener\">&#8220;Rebalancing your assets&#8221;.<\/a> <\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Equity_ETFs_are_an_obvious_investment_vehicle_for_8220buy_and_hold8221\">Equity ETFs are an obvious investment vehicle for &#8220;buy and hold&#8221;<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">It is obvious that the return-based part of a buy and hold strategy is best implemented through equity ETFs that cover the global market.<\/p>\n\n<p class=\"wp-block-paragraph\">In our opinion, the &#8220;buy and hold&#8221; philosophy also means that you don&#8217;t have to constantly check your portfolio, but can more or less sit back and relax.<\/p>\n\n<p class=\"wp-block-paragraph\">We have explained what you should look out for when buying ETFs in <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/etfs-what-you-should-look-out-for-when-making-your-choice\/\" target=\"_blank\" rel=\"noopener\">this article<\/a>.<\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Individual_shares_and_8220buy_and_hold8221_do_not_go_together\">Individual shares and &#8220;buy and hold&#8221; do not go together<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">We consider investing in individual stocks to be unsuitable for a buy and hold strategy. This is because holding shares in individual companies requires regular monitoring of business performance and strategic direction. <\/p>\n\n<p class=\"wp-block-paragraph\">And this more or less intensive involvement with a company contradicts the long-term approach of buy and hold.<\/p>\n\n<p class=\"wp-block-paragraph\">This is because you must necessarily sell off a stock quickly if, for example, management errors threaten bankruptcy. An impressive example and representative of countless others every year is the former industry leader Nokia, which overslept the trend from cell phones to keyless smartphones. And disappeared from the scene in no time.  <\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Conclusion\">Conclusion<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">To summarize, a buy and hold strategy is ideally about<\/p>\n\n<ul class=\"wp-block-list\">\n<li>long-term oriented,<\/li>\n\n\n\n<li>rule-based (according to predefined asset allocation),<\/li>\n\n\n\n<li>broadly diversified and<\/li>\n\n\n\n<li>passive (index-based) investing.<\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\"><span id=\"Can_you_get_rich_with_a_buy_and_hold_strategy\">Can you get rich with a buy and hold strategy?<\/span><\/h2>\n\n<p class=\"wp-block-paragraph\">If you follow the broadly diversified buy and hold approach described above, you will participate 1:1 in the <strong>global share price performance<\/strong>.<\/p>\n\n<p class=\"wp-block-paragraph\">Reassuring for you: With buy and hold, you <strong>do not run the risk of total loss<\/strong> as with individual securities.<\/p>\n\n<p class=\"wp-block-paragraph\">At the same time, however, the strategy requires the <strong>financial and mental strength<\/strong> to keep a cool head and remain invested even in the most violent market turbulence (see our <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/stock-market-crash-guide-how-to-master-market-crises-with-confidence-and-profit-in-the-long-term\/\" target=\"_blank\" rel=\"noreferrer noopener\">&#8220;Stock market crash guide: How to master market crises with confidence and profit in the long term&#8221;)<\/a>. <\/p>\n\n<p class=\"wp-block-paragraph\">As paradoxical as it may sound, it is precisely this <strong>&#8220;staying invested in the market&#8221;<\/strong> or &#8220;time in the market&#8221; that is the recipe for success of buy and hold, as the following table impressively shows.<\/p>\n\n<p class=\"wp-block-paragraph\"><strong>Stock market performance from 1996 to 2016 and missed opportunities due to standing on the sidelines<\/strong><\/p>\n\n<table id=\"tablepress-13\" class=\"tablepress tablepress-id-13\" aria-describedby=\"tablepress-13-description\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Indizes<\/th><th class=\"column-2\">immer investiert (Buy and Hold)<\/th><th class=\"column-3\">ohne die 10 besten B\u00f6rsentage<\/th><th class=\"column-4\">ohne die 20 besten B\u00f6rsentage<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">SPI TR*<\/td><td class=\"column-2\">+322%<\/td><td class=\"column-3\">+129%<\/td><td class=\"column-4\">+42%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Dow Jones Eurostoxx 50<\/td><td class=\"column-2\">+328%<\/td><td class=\"column-3\">+93%<\/td><td class=\"column-4\">+8%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">FTSE 100 TR*<\/td><td class=\"column-2\">+295%<\/td><td class=\"column-3\">+104%<\/td><td class=\"column-4\">+31%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">S&amp;P 500 TR*<\/td><td class=\"column-2\">+440%<\/td><td class=\"column-3\">+170%<\/td><td class=\"column-4\">+68%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<span id=\"tablepress-13-description\" class=\"tablepress-table-description tablepress-table-description-id-13\">(*TR = Total Return, also mit Dividende. Im Falle des DJ Eurostoxx 50 ab Anfang 2001 mit Total Return. Datenquelle: Privatbank Bellerive; publiziert in Cash Online vom 6. Juli 2017)<\/span>\n<!-- #tablepress-13 from cache -->\n\n<p class=\"wp-block-paragraph\">A few select days on the sidelines can therefore reduce your returns dramatically.<\/p>\n\n<p class=\"wp-block-paragraph\">Research by <a href=\"https:\/\/erwinheri.ch\/de\/home\" target=\"_blank\" rel=\"noopener\">Erwin Heri<\/a>, a Swiss professor at the University of Basel, has also shown that the best and worst days are often very close together. He notes that investor psychology and media hype are often misleading, especially in such turbulent stock market phases.<\/p>\n\n<p class=\"wp-block-paragraph\">In other words: After days of negative price trends, many investors lose their nerve, sell and miss out on the subsequent &#8220;super days&#8221;. Finally, Heri sums up in the best buy and hold manner: &#8220;Sit back and think about your long investment horizon&#8221;. <\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Earn_over_8_percent_return_in_the_long_term_with_buy_and_hold\">Earn over 8 percent return in the long term with buy and hold<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">With a globally diversified investment in an equity ETF, you would have generated an annualized return before taxes and costs of <strong>8.68% <\/strong>from 31.12.1987 to 30.9.2025, i.e. a period of around 38 years, including all stock market crashes (source: <a href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2021\/09\/msci-acwi_202509.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">MSCI ACWI factsheet<\/a>). This impressive long-term return can even be improved by up to <strong>0.5 percentage points per year<\/strong> through <strong>rule-based rebalancing<\/strong> (see our article <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/your-assets-back-on-track-thanks-to-rebalancing\/\" target=\"_blank\" rel=\"noopener\">&#8220;Rebalancing your assets&#8221;)<\/a>.  <\/p>\n\n<p class=\"wp-block-paragraph\">Of course, there is no absolute certainty that such a respectable level of returns can be achieved in the future.<\/p>\n\n<p class=\"wp-block-paragraph\">Conversely, a buy and hold strategy also means that you <strong>refrain from trying to beat the market<\/strong> and achieve an excess return.<\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"The_power_of_compound_interest_with_buy_and_hold\">The power of compound interest with buy and hold<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">With the buy and hold approach, the powerful compound interest effect can also unfold its full force, as you remain permanently invested over the long term.<\/p>\n\n<p class=\"wp-block-paragraph\">Here is a simple example to illustrate this:  <\/p>\n\n<p class=\"wp-block-paragraph\">An initial investment of <strong>20,000 francs<\/strong>, an <strong>investment term of 30 years<\/strong> and an <strong>annual increase in value of 8% <\/strong>leads to an impressive final capital of <strong>218,715 francs<\/strong>. More than a tenfold increase in your investment! <\/p>\n\n<p class=\"wp-block-paragraph\">If you were to invest an additional <strong>600 francs<\/strong> a month, you would be <strong>a millionaire<\/strong> after 30 years.<\/p>\n\n<p class=\"wp-block-paragraph\">We explain how powerful this effect is in practice &#8211; and why many people still don&#8217;t use it consistently &#8211; in the article <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/why-arent-we-all-millionaires-by-now-if-the-compound-interest-effect-is-so-simple-6-stumbling-blocks\/\" target=\"_blank\" rel=\"noreferrer noopener\">&#8220;Why aren&#8217;t we all millionaires by now if the compound interest effect is so simple? 6 stumbling blocks&#8221;.<\/a><\/p>\n\n<p class=\"wp-block-paragraph\">So yes, thanks to compound interest, you can get rich with a buy and hold strategy! Provided you have a fair amount of patience and invest some starting capital and\/or a monthly savings installment in a global equity ETF. <\/p>\n\n<p class=\"wp-block-paragraph\">Or, to repeat the quote from <a href=\"https:\/\/de.wikipedia.org\/wiki\/Andr%C3%A9_Kostolany\" target=\"_blank\" rel=\"noopener\">Kostolany<\/a> mentioned at the beginning: &#8220;Buy shares, take sleeping pills and don&#8217;t look at them any more. After many years you will see: You are rich.&#8221;<\/p>\n<div class=\"wp-block-image wp-image-2736 size-full\">\n<figure class=\"alignleft\"><img decoding=\"async\" width=\"2560\" height=\"1707\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2021\/09\/Bild_woman-2003647-scaled.jpg\" alt=\"Buy and Hold\" class=\"wp-image-2736\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2021\/09\/Bild_woman-2003647-scaled.jpg 2560w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2021\/09\/Bild_woman-2003647-768x512.jpg 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2021\/09\/Bild_woman-2003647-1536x1024.jpg 1536w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2021\/09\/Bild_woman-2003647-2048x1365.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><figcaption class=\"wp-element-caption\">With or without sleeping pills: With buy and hold, patience pays off.<\/figcaption><\/figure>\n<\/div>\n<h2 class=\"wp-block-heading\"><span id=\"Differentiation_from_other_investment_approaches\">Differentiation from other investment approaches<\/span><\/h2>\n\n<p class=\"wp-block-paragraph\">In order to sharpen the understanding of the buy and hold strategy, two well-known &#8220;counter-strategies&#8221; revolving around <strong>active investing<\/strong> are outlined here:<\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Stock_picking\">Stock picking<\/span><\/h3>\n\n<h4 class=\"wp-block-heading\"><span id=\"Stock_picking_using_fundamental_analysis\"><strong>Stock picking using fundamental analysis<\/strong><\/span><\/h4>\n\n<p class=\"wp-block-paragraph\">Stock picking is probably the most frequently practised investment behavior of private investors. It is essentially based on a<strong> ratio-based stock analysis<\/strong>, which the stock picker uses to decide whether a stock is undervalued and therefore worth buying. <\/p>\n\n<p class=\"wp-block-paragraph\">The stock picker analyzes the economic environment and takes into account one or more company-specific key figures such as the price\/earnings ratio (P\/E ratio).<\/p>\n\n<p class=\"wp-block-paragraph\">The core of this strategy is that the stock picker believes he can predict future market developments. In other words, unlike the rest of the market, he believes he can recognize an undervalued share and the point in time when this share has reached its fair value. He then sells the stock again, repeating the procedure.  <\/p>\n\n<p class=\"wp-block-paragraph\">Such a strategy cannot work from the perspective of the market efficiency hypothesis, which forms the theoretical basis of modern <a href=\"https:\/\/de.wikipedia.org\/wiki\/Portfoliotheorie\" target=\"_blank\" rel=\"noopener\">portfolio theory<\/a>. This is because it assumes that the markets are fundamentally transparent and that listed companies are therefore &#8220;correctly&#8221; valued at all times.<\/p>\n\n<h4 class=\"wp-block-heading\"><span id=\"Stock_picking_using_chart_analysis\"><strong>Stock picking using chart analysis<\/strong><\/span><\/h4>\n\n<p class=\"wp-block-paragraph\">In addition to analyzing fundamental data, there is also stock picking using chart analysis, also known as &#8220;technical analysis&#8221;. This refers to the attempt to identify trends based on price changes and trading volumes. <\/p>\n\n<p class=\"wp-block-paragraph\">In contrast to the fundamental analysis described above, chart analysis is primarily concerned with <strong>the behavior of the financial market<\/strong> and not with determining any undervaluation based on fundamental data.<\/p>\n\n<p class=\"wp-block-paragraph\">From a scientific point of view, this topic is viewed critically by the majority and is often dismissed by its exponents as pure hocus-pocus.<\/p>\n<div class=\"wp-block-image wp-image-2734 size-full\">\n<figure class=\"alignleft\"><img decoding=\"async\" width=\"2560\" height=\"1707\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2021\/09\/Bild_Chartanalyse_trading-643723-scaled.jpg\" alt=\"Buy and Hold\" class=\"wp-image-2734\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2021\/09\/Bild_Chartanalyse_trading-643723-scaled.jpg 2560w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2021\/09\/Bild_Chartanalyse_trading-643723-768x512.jpg 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2021\/09\/Bild_Chartanalyse_trading-643723-1536x1024.jpg 1536w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2021\/09\/Bild_Chartanalyse_trading-643723-2048x1365.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><figcaption class=\"wp-element-caption\">Is chart analysis all hocus-pocus? Moving averages, trading volumes and colored candlestick charts for better recognition of supposed trends. <\/figcaption><\/figure>\n<\/div>\n<h3 class=\"wp-block-heading\"><span id=\"Market_Timing\">Market Timing<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">The focus of this strategy is not so much on individual equities, but on shifting entire asset classes (&#8220;Now is the time to overweight commodities.&#8221;), markets (&#8220;Subito out of the emerging markets!&#8221;) or sectors (&#8220;Adding to insurance stocks now offers above-average return opportunities.&#8221;) based on a supposedly favorable point in time.<\/p>\n\n<p class=\"wp-block-paragraph\">From a scientific point of view, this strategy also fails in the majority of cases or contradicts <a href=\"https:\/\/de.wikipedia.org\/wiki\/Portfoliotheorie\" target=\"_blank\" rel=\"noopener\">portfolio theory<\/a>, according to which the markets are efficient and therefore all developments are constantly priced in.<\/p>\n\n<p class=\"wp-block-paragraph\">At our sporadic meetings, a colleague of ours impressively demonstrates just how detrimental market timing can be to returns. He has not invested significantly in shares for around ten years. He interprets the highs regularly reached on the stock markets as overvaluation and is put off by them.  <\/p>\n\n<p class=\"wp-block-paragraph\">Instead, he holds an ever-increasing cash position. Always waiting to find the right entry point after all. Standing on the sidelines, he misses out on returns in the form of share price gains and dividends year after year.  <\/p>\n\n<p class=\"wp-block-paragraph\">So instead of &#8220;timing the market&#8221;, the buy and hold approach upholds the principle of &#8220;time in the market&#8221;.<\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Science_versus_stock_picking_and_market_timing\">Science versus stock picking and market timing<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">As already mentioned, active investment strategies such as stock picking and market timing have a difficult time from a scientific perspective. This is because empirically speaking, hardly any active investment strategy beats the market or the corresponding benchmark in the long term. <\/p>\n\n<p class=\"wp-block-paragraph\">The science-oriented author Dr. Gerd Kommer is also critical of active trading. He sums it up in his standard work &#8220;Souver\u00e4n Investieren mit Indexfonds und ETFs&#8221; (5th edition), which is well worth reading: <\/p>\n\n\n<div class=\"zitat-component\">\n\t<h4><span id=\"8220_There_are_practically_no_serious_scientifically_recognized_studies_that_prove_outperformance_for_private_investors_through_intensive_trading_or_fund_picking_after_taking_costs_taxes_and_risk_into_account_A_simple_buy_and_hold_strategy_is_almost_always_superior_to_a_strategy_of_intensive_trading_or_switching_in_the_long_term_and_the_few_exceptions_to_this_change_from_time_window_to_time_window_so_are_probably_due_to_chance__8221\">\n\t\t<p style=\"text-align: center;\"><strong><span style=\"color: #37c392;\">&#8220;<\/span><\/strong> There are practically no serious, scientifically recognized studies that prove outperformance for private investors through intensive trading or fund picking after taking costs, taxes and risk into account. A simple buy and hold strategy is almost always superior to a strategy of intensive trading or switching in the long term and the few exceptions to this change from time window to time window, so are probably due to chance.   <strong><span style=\"color: #37c392;\">&#8221;  <\/span><\/strong><\/p>\n\t<\/span><\/h4>\n<\/div>\n\n\n<style>\n\n\t.zitat-component *{\n\t\tcolor: #000;\n\t\tfont-family: \"Georgia\", Sans-serif;\n\t\tfont-size: 1.7rem;\n\t\tfont-style: italic;\n\t\tline-height: 1.4em;\n\t\t\n    \tfont-weight: 500;\n\t}\n\t\n\t@media (max-width:992px){\n\t\t.zitat-component *{\n\t\t\tfont-size: 1.1rem;\n\t\t}\n\t}\n\n\n<\/style>\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Gerd Kommer<\/strong>, author<\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"Why_don8217t_most_investors_follow_a_buy_and_hold_strategy\">Why don&#8217;t most investors follow a buy and hold strategy?<\/span><\/h2>\n\n<p class=\"wp-block-paragraph\">As we have seen before, buy and hold is an extremely promising investment strategy. And yet it is not followed by the majority of private investors. We see the following three main reasons for this:  <\/p>\n\n<ul class=\"wp-block-list\">\n<li>Own greed for profit<\/li>\n\n\n\n<li>Powerful stakeholders<\/li>\n\n\n\n<li>Psychological reasons<\/li>\n<\/ul>\n\n<h3 class=\"wp-block-heading\"><span id=\"Own_greed_for_profit\">Own greed for profit<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">To be fair, you won&#8217;t get rich quickly with a buy and hold strategy. If you tend to be impatient when investing and\/or expect lunar returns, you will prefer short-term, highly speculative deals. <\/p>\n\n<p class=\"wp-block-paragraph\">But even the dazzling stock market legend Kostolany does not have a universal recipe for rapid wealth:  <\/p>\n\n\n<div class=\"zitat-component\">\n\t<h4><span id=\"8221_I_can8217t_tell_you_how_to_get_rich_quick_but_I_can_tell_you_how_to_get_poor_quick_by_trying_to_get_rich_quick_8220\">\n\t\t<p style=\"text-align: center;\"><strong><span style=\"color: #37c392;\">&#8221; <\/span><\/strong>I can&#8217;t tell you how to get rich quick, but I can tell you how to get poor quick: by trying to get rich quick. <strong><span style=\"color: #37c392;\">&#8220;<\/span><\/strong><\/p>\n\t<\/span><\/h4>\n<\/div>\n\n\n<style>\n\n\t.zitat-component *{\n\t\tcolor: #000;\n\t\tfont-family: \"Georgia\", Sans-serif;\n\t\tfont-size: 1.7rem;\n\t\tfont-style: italic;\n\t\tline-height: 1.4em;\n\t\t\n    \tfont-weight: 500;\n\t}\n\t\n\t@media (max-width:992px){\n\t\t.zitat-component *{\n\t\t\tfont-size: 1.1rem;\n\t\t}\n\t}\n\n\n<\/style>\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Andr\u00e9 Kostolany<\/strong>, stock market legend<\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Powerful_stakeholders\">Powerful stakeholders<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">A buy and hold investor incurs significantly lower costs than an active investor. From the passive investor&#8217;s point of view, this represents a major advantage for their returns, but it is naturally not in the interests of the financial industry. On the one hand, it benefits from the more frequent transaction fees incurred through regular trading. On the other hand, it pockets relatively high fees for the bank&#8217;s own actively managed investment products.   <\/p>\n\n<p class=\"wp-block-paragraph\">It is therefore quite unlikely that your bank advisor will recommend ETFs to you.<\/p>\n\n<p class=\"wp-block-paragraph\">Unless perhaps he has the stature and independence of <a href=\"https:\/\/de.wikipedia.org\/wiki\/Warren_Buffett\" target=\"_blank\" rel=\"noopener\">Warren Buffett<\/a>. The well-known star investor, who also pursues a buy and hold strategy in principle, paid the greatest possible respect to the pioneer of passive index investing, <a href=\"https:\/\/de.wikipedia.org\/wiki\/John_Bogle\" target=\"_blank\" rel=\"noopener\">John &#8220;Jack&#8221; Bogle<\/a>.<\/p>\n\n<p class=\"wp-block-paragraph\">In this short and impressive film sequence, Buffett praises the extraordinary achievements of Bogle at the 2017 annual meeting of his <a href=\"https:\/\/de.wikipedia.org\/wiki\/Berkshire_Hathaway\" target=\"_blank\" rel=\"noopener\">Berkshire Hathaway<\/a> conglomerate and congratulates him on his 88th birthday.<\/p>\n\n<p class=\"wp-block-paragraph\"> <div class=\"brlbs-cmpnt-container brlbs-cmpnt-content-blocker brlbs-cmpnt-with-individual-styles\" data-borlabs-cookie-content-blocker-id=\"default\" data-borlabs-cookie-content=\"PGlmcmFtZSB0aXRsZT0iWW91VHViZSB2aWRlbyBwbGF5ZXIiIHNyYz0iaHR0cHM6Ly93d3cueW91dHViZS5jb20vZW1iZWQvQXFtMlhtLTlESkUiIHdpZHRoPSIxMjgwIiBoZWlnaHQ9IjcyMCIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=\"><div class=\"brlbs-cmpnt-cb-preset-a\"> <p class=\"brlbs-cmpnt-cb-description\">You are currently viewing a placeholder content from <strong>Default<\/strong>. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.<\/p> <div class=\"brlbs-cmpnt-cb-buttons\"> <a class=\"brlbs-cmpnt-cb-btn\" href=\"#\" data-borlabs-cookie-unblock role=\"button\">Unblock content<\/a> <a class=\"brlbs-cmpnt-cb-btn\" href=\"#\" data-borlabs-cookie-accept-service role=\"button\" style=\"display: none\">Accept required service and unblock content<\/a> <\/div> <a class=\"brlbs-cmpnt-cb-provider-toggle\" href=\"#\" data-borlabs-cookie-show-provider-information role=\"button\">More Information<\/a> <\/div><\/div><\/p>\n\n<p class=\"wp-block-paragraph\">Buffett acknowledges that no one has benefited the American private investor more than Bogle. In the face of fierce resistance from the powerful financial lobby, the index funds launched by Bogle in the mid-1970s saved billions and billions in fees, allowing investors to achieve better returns than the &#8220;professionals&#8221;. Bogle died in 2019 at the age of 89.  <\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Psychological_reasons\">Psychological reasons<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">We see investor psychology as the third important reason why the buy and hold strategy is no longer popular.<\/p>\n\n<p class=\"wp-block-paragraph\">We live in a meritocracy in which we learn from an early age that there is no prize without hard work. We also agree that no master has ever fallen from the sky. <\/p>\n\n<p class=\"wp-block-paragraph\">In everyday life, the supposed accuracy of this popular wisdom is regularly confirmed. In work, sport or music, for example, it is usually the case that we become better and more successful at an activity if we practice it more intensively. <\/p>\n\n<p class=\"wp-block-paragraph\">Alternatively &#8211; in line with the modern division of labor &#8211; we seek out a specialist, such as a trusted carpenter, hairdresser or shoemaker. And lo and behold, the result is much better than if we had done it ourselves! <\/p>\n\n<p class=\"wp-block-paragraph\">That is why we intuitively assume that active investment, whether through stock picking or market timing, will achieve a better performance than a passive buy and hold strategy.<\/p>\n\n<p class=\"wp-block-paragraph\">If we don&#8217;t have the time, interest or both to deal with the investment ourselves, we simply go to a specialist &#8211; in this case, an investment advisor. We accept the high fees, because performance and quality have their price. So far, so good? Unfortunately not.   <\/p>\n\n<p class=\"wp-block-paragraph\">This is because active investment behavior is not usually rewarded with better performance. On the contrary. One of the main reasons for this is the additional costs that are incurred due to higher fees for transactions and\/or external asset management in contrast to &#8220;buy and hold&#8221;.  <\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"Advantages_and_pitfalls_of_the_buy_and_hold_strategy\">Advantages and pitfalls of the buy and hold strategy<\/span><\/h2>\n\n<h3 class=\"wp-block-heading\"><span id=\"Five_advantages_of_8220buy_and_hold8221\">Five advantages of &#8220;buy and hold&#8221;<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">We see the following five advantages of the buy and hold strategy, which we consistently follow ourselves out of conviction:<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Convenient and simple:<\/strong> Instead of regularly dealing with time-consuming market and company analyses, with Buy and Hold you are in autopilot mode, so to speak. This means that you only trade based on rules, which means you hardly have any administrative work, for example when completing your annual tax return. <\/li>\n\n\n\n<li><strong>Unbeatably low-cost:<\/strong> There are little or no transaction costs for you, as you do not have to constantly buy and sell with buy and hold. In addition, the choice of passive ETFs results in extremely low ongoing costs. This means that you can expect an annual TER of only around 0.2%. This corresponds to around one tenth (!) of an actively managed fund.   <\/li>\n\n\n\n<li><strong>Transparent and self-determined:<\/strong> If you invest in one or more ETFs as part of your buy and hold strategy, you can do this completely independently online with just a few clicks on numerous stock exchanges. Once you have invested, you can check the price and deviation from the index (tracking error) at any time. <\/li>\n\n\n\n<li><strong>Optimal risk\/return ratio: <\/strong>A global investment in one or more equity ETFs allows you to participate 1:1 in the performance of the world&#8217;s stock markets. Historically, over several decades, this has resulted in an annual gross return of over 8 percent, including various stock market crashes, but without the risk of a total loss as with individual securities. <\/li>\n\n\n\n<li><strong>Rational and scientifically sound:<\/strong> Countless studies prove the success of buy and hold. This scientific foundation provides security. It is therefore a thoroughly rational strategy with a successful track record.  <\/li>\n<\/ul>\n\n<p class=\"has-text-align-center wp-block-paragraph\"><span style=\"color: #37c392; font-size: 14pt;\"><em><strong>&#8211; Partner Offer<\/strong> <strong>&#8211;<\/strong><\/em><\/span><\/p>\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>In our experience and due to the low costs for ETFs, &#8220;DEGIRO&#8221; is currently a particularly attractive broker (link to <a href=\"https:\/\/schweizerfinanzblog.ch\/degiro-review-etf-sparplan-schweiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">DEGIRO review<\/a>). If you are interested, you can register with DEGIRO via our <a href=\"https:\/\/www.degiro.ch\/?tap_a=55321-c5c085&amp;tap_s=1016265-b529be&amp;utm_source=schweizerfinanzblog&amp;utm_campaign=DEGIRO+Switzerland&amp;utm_medium=a&amp;utm_content=shares_lp\" target=\"_blank\" rel=\"noreferrer noopener\">partner link<\/a>, which will allow you to<\/em> <strong><em> Trading credits of CHF 100 <\/em><\/strong><em>(with <a href=\"https:\/\/www.degiro.ch\/?tap_a=55321-c5c085&amp;tap_s=1016265-b529be&amp;utm_source=schweizerfinanzblog&amp;utm_campaign=DEGIRO+Switzerland&amp;utm_medium=a&amp;utm_content=shares_lp\" target=\"_blank\" rel=\"noreferrer noopener\"><em>conditions<\/em><\/a>) and support our blog at the same time.<\/em><\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.degiro.ch\/?tap_a=55321-c5c085&amp;tap_s=1016265-b529be&amp;utm_source=schweizerfinanzblog&amp;utm_campaign=DEGIRO+Switzerland&amp;utm_medium=a&amp;utm_content=shares_lp\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/11\/DEGIRO_Banner_EN.png\" alt=\"\" class=\"wp-image-6721\"\/><\/a><\/figure>\n<\/div>\n<p class=\"has-text-align-center wp-block-paragraph\"><span style=\"font-size: 14pt;\"><span style=\"color: #339966;\"><i><span style=\"color: #37c392;\"><strong>&#8211; &#8211; &#8211; &#8211; &#8211;<\/strong><\/span><\/i><\/span><\/span><\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Five_pitfalls_of_8220buy_and_hold8221\">Five pitfalls of &#8220;buy and hold&#8221;<\/span><\/h3>\n\n<p class=\"wp-block-paragraph\">Where there is light, there are also shadows. You should be aware of the following five challenges of the buy and hold strategy: <\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Non-intuitive:<\/strong> You have to accept (learn) that in investing &#8211; unlike in other areas of life &#8211; long-term inaction is a very promising approach.<\/li>\n\n\n\n<li><strong>No excess returns:<\/strong> Some people may also find it difficult to be satisfied with market returns or to forego excess returns. At best, it helps if you remember the stock market rule &#8220;back and forth empties your pockets&#8221;. <\/li>\n\n\n\n<li><strong>Too boring:<\/strong> A buy and hold strategy is completely unspectacular and anything but sexy. That&#8217;s a fact, and there&#8217;s nothing to gloss over. Except perhaps that ultimately the only thing that counts is the (higher) return.  <\/li>\n\n\n\n<li><strong>Crash resistance:<\/strong> Remaining stoically calm during stock market crashes and not going into panic selling mode requires a solid financial education &#8211; and a good dose of nerves.<\/li>\n\n\n\n<li><strong>Resistance to financial pornography: <\/strong>Not letting yourself be soaped by the financial industry, i.e. consistently ignoring its daily forecasts and investment tips in particular, requires a strong will and robust financial knowledge. (The term &#8220;financial pornography&#8221; is unfortunately not an invention of ours, but comes from the aforementioned book author Gerd Kommer. By this term, he primarily means the dubious chatter of so-called financial experts who primarily pursue their own interests). <\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\"><span id=\"Conclusion-2\">Conclusion<\/span><\/h2>\n\n<p class=\"wp-block-paragraph\">The buy and hold strategy based on ETFs is the simplest, cheapest and &#8211; from a scientific point of view &#8211; the investment strategy with the best risk\/return ratio. It works according to the philosophy &#8220;There is strength in tranquillity&#8221;. <\/p>\n\n<p class=\"wp-block-paragraph\">In our opinion, the fact that it is not practiced more frequently by private investors is due to their own greed for profit, the powerful financial lobby and, last but not least, psychological factors. After all, doing nothing is generally not a successful strategy in other areas of life. <\/p>\n\n<p class=\"wp-block-paragraph\">Nevertheless, the buy and hold strategy is only suitable for investors who are disciplined, have strong nerves and are willing and able to invest for the long term.<\/p>\n\n<p class=\"wp-block-paragraph\">What do you think? Whether you share our opinion or not. We look forward to your comment!  <\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"This_might_also_interest_you\">This might also interest you<\/span><\/h2>\n\n<link rel=\"stylesheet\" href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/themes\/schweizerfinanzblog\/components\/post-list-component\/post-list-component.css\">\n\n<div class=\"post-list-componenet pt-2 pb-4\">\n\t<div class=\"row\">\n\t\t\t\t\t\t\n\t\t <div class=\"col-xl-6\">\n\t\t\t <a class=\"text-decoration-none\" href=\"https:\/\/schweizerfinanzblog.ch\/en\/asset-allocation\/\">\n\t\t\t\t<div class=\"d-flex post-list-card\">\n\t\t\t\t\t<div class=\"post-list-image \">\n\t\t\t\t\t\t<div class=\"image-wrapper\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2026\/06\/Titelbild_Asset-Allocation_final_EN.png\" class=\"attachment-1920x1297 size-1920x1297 wp-post-image\" alt=\"Asset allocation\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2026\/06\/Titelbild_Asset-Allocation_final_EN.png 2400w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2026\/06\/Titelbild_Asset-Allocation_final_EN-768x432.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2026\/06\/Titelbild_Asset-Allocation_final_EN-1536x864.png 1536w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2026\/06\/Titelbild_Asset-Allocation_final_EN-2048x1152.png 2048w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"post-list-title px-2 d-flex align-items-center\">\n\t\t\t\t\t\t<p class=\"\">Asset allocation: the nuts and bolts of your investment<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\n\t\t <div class=\"col-xl-6\">\n\t\t\t <a class=\"text-decoration-none\" href=\"https:\/\/schweizerfinanzblog.ch\/en\/rebalancing\/\">\n\t\t\t\t<div class=\"d-flex post-list-card\">\n\t\t\t\t\t<div class=\"post-list-image \">\n\t\t\t\t\t\t<div class=\"image-wrapper\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2026\/06\/Titelbild_Rebalancing_final_EN.png\" class=\"attachment-1920x1297 size-1920x1297 wp-post-image\" alt=\"Rebalancing\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2026\/06\/Titelbild_Rebalancing_final_EN.png 2400w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2026\/06\/Titelbild_Rebalancing_final_EN-768x432.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2026\/06\/Titelbild_Rebalancing_final_EN-1536x864.png 1536w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2026\/06\/Titelbild_Rebalancing_final_EN-2048x1152.png 2048w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"post-list-title px-2 d-flex align-items-center\">\n\t\t\t\t\t\t<p class=\"\">Rebalancing: How to get your portfolio back on track<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\n\t\t <div class=\"col-xl-6\">\n\t\t\t <a class=\"text-decoration-none\" href=\"https:\/\/schweizerfinanzblog.ch\/en\/stock-market-crash-guide-how-to-master-market-crises-with-confidence-and-profit-in-the-long-term\/\">\n\t\t\t\t<div class=\"d-flex post-list-card\">\n\t\t\t\t\t<div class=\"post-list-image \">\n\t\t\t\t\t\t<div class=\"image-wrapper\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/07\/Titelbild-Boersencrash_Mit_Logo_EN.png\" class=\"attachment-1920x1297 size-1920x1297 wp-post-image\" alt=\"Saxo Bank Erfahrungen\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/07\/Titelbild-Boersencrash_Mit_Logo_EN.png 1920w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/07\/Titelbild-Boersencrash_Mit_Logo_EN-768x432.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/07\/Titelbild-Boersencrash_Mit_Logo_EN-1536x864.png 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"post-list-title px-2 d-flex align-items-center\">\n\t\t\t\t\t\t<p class=\"\">Stock market crash guide: How to master market crises with confidence and profit in the long term<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\n\t\t <div class=\"col-xl-6\">\n\t\t\t <a class=\"text-decoration-none\" href=\"https:\/\/schweizerfinanzblog.ch\/en\/why-arent-we-all-millionaires-by-now-if-the-compound-interest-effect-is-so-simple-6-stumbling-blocks\/\">\n\t\t\t\t<div class=\"d-flex post-list-card\">\n\t\t\t\t\t<div class=\"post-list-image \">\n\t\t\t\t\t\t<div class=\"image-wrapper\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/09\/Zinseszinseffekt_Titelbild_final_EN.png\" class=\"attachment-1920x1297 size-1920x1297 wp-post-image\" alt=\"Compounding\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/09\/Zinseszinseffekt_Titelbild_final_EN.png 1920w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/09\/Zinseszinseffekt_Titelbild_final_EN-768x432.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/09\/Zinseszinseffekt_Titelbild_final_EN-1536x864.png 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"post-list-title px-2 d-flex align-items-center\">\n\t\t\t\t\t\t<p class=\"\">Why aren&#8217;t we all millionaires by now if the compound interest effect is so simple? 6 stumbling blocks<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\"><span id=\"Updates\">Updates<\/span><\/h2>\n\n<p class=\"wp-block-paragraph\">2025-11-04: MSCI ACWI factsheet updated; &#8220;In a nutshell&#8221; section added.<\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"Disclaimer\">Disclaimer<\/span><\/h2>\n\n<p class=\"wp-block-paragraph\"><strong>Disclaimer: <\/strong>Investing involves risks. You must decide for yourself whether or not you want to take these risks. <\/p>\n\n<p class=\"wp-block-paragraph\"><strong>Errors excepted:<\/strong> We have written this article to the best of our knowledge and belief. Our aim is to provide you as a private investor with the most objective and meaningful financial information possible. However, should we have made any errors, forgotten important aspects and\/or no longer have up-to-date information, we would be grateful if you could let us know.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dazzling stock market legend Andr\u00e9 Kostolany once said: &#8220;Buy shares, take sleeping pills and stop looking at them. After many years you will see: You are rich.&#8221; In this article, we examine the undisputedly most boring, but probably most underestimated investment strategy: buy and hold. We show you how simply it works, where its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10469,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[180],"tags":[],"class_list":["post-9583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-strategy"],"acf":[],"_links":{"self":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/comments?post=9583"}],"version-history":[{"count":12,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9583\/revisions"}],"predecessor-version":[{"id":13852,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9583\/revisions\/13852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/media\/10469"}],"wp:attachment":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/media?parent=9583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/categories?post=9583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/tags?post=9583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}