And more importantly, it's _flexible_ buy & hold meaning he can sell whenever he wants. If you buy & hold with a very firm sell date you're not doing it right.

And more importantly, it's _flexible_ buy & hold meaning he can sell whenever he wants. If you buy & hold with a very firm sell date you're not doing it right. It's hard to really know whether the stock market is "high" or "low" (if you did, you'd be rich) that's why it's important to invest slowly at all times (dollar cost averaging).