salvation
now my plan originally was strictly 'buy and hold ' however over the last 10 years several modifications looked sensible
rescuing ( and recycling ) the investment cash when a stock is in ( what i think is ) excessive profit
the plan also included an avoidance of draw-downs ( i haven't needed to draw-down YET , but sometime in the future that may be necessary )
a few stocks ( less than 10 ) i realized were suitable for 'channel-trading ' ( QBE is my main success in this style so far )
and also over the course of time various company decisions interfere with the 'buy and hold ' plan ( decisions to be taken-over , decisions to delist , move internationally , change the company path into areas i would rather not have investment cash , etc etc )
but one thing that became absolutely clear to me it was just sensible at times to be flexible and pragmatic , and 'set and forget ' was not for me , some tinkering was needed despite the desire to stick MOSTLY to 'buy and hold '
DYOR