"Buy-and-hold" is a long-term, passive investment strategy in which an investor buys stocks and holds them for a long period of time, regardless of fluctuations in the market. Buy-and-hold investors may actively choose the stocks they invest in, but they do not pay attention to short term price movements and technical indicators.
One benefit of a buy-and-hold strategy is that long-term investments tend to be taxed at a lower rate than short-term investments.
- Buy And Hold. Investopedia.com.