You might get eaten alive, too, in a grizzly bear market. You could get all clawed up and bloody, maybe even die!
And your plane might crash, George W may push the button one day, you might get hit by lightning...
Investing is very much a function of personality... you seem to be somewhat of a Kleinian in philosophy! :-)
Some of us have different outlooks on investing and the world in general. I tend to be a bit more hopeful, and tend toward the "everything will work itself out" philosophy rather than the "sky is falling" one. So, I'm a long...
There's no way I know to predict the next MSFT, INTC, out over, say, the next 10 years.
Read "The Gorilla Game". Then buy some QCOM. It's not a sure way to predict the next MSFT or INTC, but it makes a damned good case. And it does suggest buying a basket of potentials, which increases your odds of finding the next one (and investing in the old gorillas, CSCO and INTC for example, isn't a bad way to go either).
Remember, not all brokers charge heavy commissions and not all accounts are taxable. One can go to cash in downturns, preserve capital and then
buy back in when ready. No need to short if you can't (in an IRA) or don't want to make a short play for other reasons.
Read the data. Long term investments almost always beats short term timing and trading by a WIDE margin.
Dr.Id@notallpsychologistsaresonegative.com |
