In personal finance, there are many terms that mean nothing at all, some that could mean anything, and a few that mean different things to different people.
One such term is ‘long term’. How long is long-term? Everyone’s answer is different, perhaps legitimately so. Even so, there must be a period when the benefits of a long-term investing strategy become obvious to all.
Some years ago, Fidelity Investments conducted a study in the US to find out more about this and discovere ..
