Stocks began to swing wildly over the summer, and while things have quieted down a bit, many veterans expect more turbulence ahead.

“I think we’re looking at continued high volatility all the way in to the next election,” said Christopher Hyzy, chief investment officer for Merrill and the Bank of America Private Bank.

This is likely to upset many people who would, naturally enough, prefer to profit from stocks with little stress.

What’s the best response to periods like this?

Many asset managers recommend simple “buy and hold” investing as the best long-term strategy. Certainly it has worked well during the longest bull market in history, now more than a decade old.