It’s been easy being a buy and hold investor. Until now.

Stock market investments, as measured by the Standard & Poor’s 500 index, approximately doubled in value in the past five years. It was up 26.9% in 2021, 18.4% in 2020 and 31.5% in 2019, and it is 59.3% higher than at the bottom of the Covid bear market in March 2020.