[brc]

There is nothing wrong with buy and hold executed well...if that fits your investor risk profile and personality.

But you're dead wrong if you think large-cap stocks provide safety from risk. Plenty of large-cap stocks have disappeared completely, another large cohort have had terrible returns.

Any strategy is only going to work if you put disciplined position sizing/money management rules in place. Rules that allow you to trim the dogs and keep the winners, whilst making sure that any large losses don't fatally wound your portfolio.