Default risk is truly the largest concern a bond investor should have if they plan to buy a bond and hold it to maturity.

假如投资者计划购买证券和长期持有的话，违约风险就是投资者应该真正最关心的问题。

youdao

This, from someone who has long claimed, and still claims, to be a buy-and-hold investor.

FORBES: An optimist in Riyadh

For instance, he says, a buy-and-hold investor putting in an order to rebalance a portfolio of ETFs "could get caught in a lot of things, " including volatile intraday trading.

WSJ: ETFs for Investors Who Buy and Hold

Don't forget that during a bear market you suffer almost the same as a buy-and-hold investor--you ride the stock down with only a few bucks of option income to cushion the fall.

FORBES: Civilized Gambling