As the term 'Long-term investment' explains - it is the investment that you hold for a long period of time. But the time is relative, for some five years would be long while for some it will be 30 years. In the context of the stock market, any investment that you hold for more than 1 year is considered long. It is the most acceptable or perhaps the default mode of investment in all the other instruments like real estate and gold. However, the moment you apply it to the stock market, peoples' expectations go unreasonably high while their patience gets inexplicably short.
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