Everyone has heard the oldest investment advice constantly repeated by most brokers, and financial planners: “Buy and Hold.” Is this still a good strategy though? Well, that depends. If you are investing in the stock market that advice is now about as bad as it is old. However, there is one place where “Buy and Hold” is great counsel.

Buy and hold was great advice decades ago, before the birth of the Information Age. However, information moves so much faster, technology changes so quickly, and companies, who were once blue chips, can disappear seemingly overnight. Today’s market belongs to traders, or at least investors who are willing to sell and take profits. If you are in the Baby Boomer generation, you don’t have time to buy and hold if you want to retire anytime soon.

Buy and Hold is still alive and well in the real estate market though. You see, when you own rental property, you don’t have to hope it goes up in price so you can sell it for a profit later. All you have to do is make the numbers work so that your tenants are paying you more than you are paying for the property. The cash flow created can enable you to live very well, especially if you reinvest our profits into more properties. There are several other benefits that I will discuss at a later time, but the point is this: If you want a good buy and hold investment right now, don’t look to the stock market; look to real estate.