Harry Oakley knows that the stock market sometimes goes through rough times and that the stocks of poorly managed companies can lose value.But he has noticed that over the long run,the general direction of stock prices has been upward.He is a patient investor who favours holding several different stocks and letting the market take its course.Harry's approach most closely fits which of the following?

Question

Quizplus · Accepted Answer

Harry's patience and preference for holding several different stocks align with the buy and hold strategy. This strategy involves investing in quality stocks and holding onto them for a long time, allowing for market fluctuations to even out over time. It also involves diversification to reduce risk, which is in line with Harry's approach of holding several different stocks. The other strategies listed do not fully match Harry's approach, as they involve different investment goals and methods.

Harry Oakley Knows That the Stock Market Sometimes Goes Through