Thanks to a resurgent stock market, ubiquitous technology and dirt-cheap commissions, America has become a nation of traders again. There are now an estimated 35 million online brokerage accounts, compared with roughly 13 million at the height of the dot-com bubble in 2000.
Meanwhile, sub-$5 commission rates can easily be had, and trading volume continues to climb. Click on almost any financially oriented Web site or turn on financial TV shows like Jim Cramer’s Mad Money or Fox’s Bulls & Bears, and you’re are being told to buy stocks like Sirius Satellite Radio (nasdaq: SIRI - news - people ) one day and sell them a month later. When stocks like Google (nasdaq: GOOG - news - people ) often swing 10 points in day, it is no wonder that “buy-and-hold” investing has been largely forgotten by individual investors.
Two entrepreneurial stock-picking community Web sites, Marketocracy.com and ValueForum.com, have set out in search of their own champions of the dying art of buy-and-hold investing. Each year for the last few years they have been running contests asking participants to pick only five stocks and hold them for 12 months.
CLICK here for the full text of the article and the seven stocks these guys are buying now.
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