Buy and hold remains the most profitable virtue of investing. Yet, most financial advisors try to play an active role in managing their client's affair. This is because they fear that inactivity on their part may not justify the fees and commissions they make on the client's portfolio. They take advantage of the human bias of clients who consider the activity as an effort for which advisors are paid. Can you imagine a family doctor with an annual contract with the client who keeps on prescribing new drugs though there is no major illness so that the contract is renewed every year? It doesn't work this way. Advisors need to do what is right irrespective of whether they retain their clients or not. It needs courage. It needs integrity.