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Patience pays off for long term investments
AP article discusses investment strategies favoring long term holding over rapid trading. Bruce Henderson of Boston Consulting Group urges patience, citing lower taxes and inflation eroding profits from frequent trades while vault-holding and real estate style appreciation can yield steadier gains. It notes inflation hurts savings but taxes favor long holds. Printing pays best in West Germany with women earning most in building trades offices.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Boston
Boston Consulting Group
Boston Corp
Boston Safe Deposit and Trust
Bruce Henderson
BCG
Henderson
Duesseldorf
Germany
West Germany
West German
Federal Trade Union Confederation