Trade Sparingly and Invest for the Long Haul, Part 2

Here's part 2 of how millionaires get rich by trading sparingly and investing for the long haul. Key thoughts from this post I wrote one year ago today include:

One in five (millionaires) hold [investments], on average, for a year or two; one in four hold for between two and four years. About 13 percent are in the four-to-six year category. More than three in then (32 percent) hold their investments for more than six years. In fact, 42 percent of the millionaires we interviewed for our latest survey had made no trades whatsoever in their stock portfolios in the year prior to the interview.

Check out the full article for more details.