Jon Quast

And we really don't want to judge an investment success or failure based on just a few months.

So it can be tempting sometimes to buy into a stock we believe in for the long term.

be tempted to sell it after just a couple of months of poor performance to get that tax loss, you're saying maybe not the best strategy there.

But if you're ready to move on from something.

Well, thank you for that.

And before we move on, there's so many other calendar related things that we can hit.

Tax loss harvesting right now, people are thinking about taxes at the end of the year, but there are so many other things we could talk about.

We could talk about the January effect, the October

But I just picked out one more here.

The Santa Claus rally and the January barometer.

These are some terms that people might start hearing in the next six weeks or so.

These are other calendar effects.

Yeah, that's pretty incredible.

I mean, Santa Claus rally, 79% accuracy, January barometer, 85% accuracy.

And so I think that if you're looking at this, maybe you're new to investing and you're starting to think, oh, I want to know when is a good time to buy.

You start looking at some of these calendar effects and you start thinking, maybe I can use this to my advantage.

But you and I both still believe that the best way to build wealth over the long term is to buy at least 25 high-quality businesses, buy their stocks, and hold on to them for at least five years.

And when you think about a five-year holding period, okay, what are we talking about when we're talking about the Santa Claus rally?

Okay, yes, it usually happens.

But we're talking about a 1% gain, a 1.3% gain on average.