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For decades 401(k), IRA and other long term investors have been told to use a 'Buy-and-Hold' approach with their stocks and mutual funds. For decades that approach worked well as the stock market, with the exception of a hiccup or two, rose steadily year after year. Since the year 2000 however, it's been a different story. Market declines and recovery periods have become much more pronounced since then, affecting everyone's bottom lines. Following the 'Buy-and-Hold' approach has forced many investors - depending on their time frame (age) - to alter or cancel their plans for retirement. Does 'Buy-and-Hold' still work? Take a look at the these charts and decide for yourself!

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