jcky, gotta tell you this story,
Dad calls me up today,
(he's 72, hasn't bought a stock in his life)
Says the broker is pushing the QQQ on him,
and what do i know about the QQQ,
I said,,,,It's full of a lot of deadwood,
It's packed with AOL,,,and a bunch of deadwood,
Internet (>tech) stocks that are not fully reflected in it's price,
and as a matter of fact,,,
just today,,,i was comparing it's (2 year) performance to the IIX.X , the AOL and the Yahoo.
He said, well, the broker says it's off 40 percent...and i said. hey,,,,it's still up 50 percent on a 2 year performance and Yahoo just broke to a new 2 year low.
siliconinvestor.com
(I said, the QQQ was pumped by Merrill and MSDW to suck in the IRA money the last two years and now they are dropping it on it's head...I wouldn't touch it with a TEN foot pole.)
he said...what would be your stock pick...and i instinctively said....buy the KING.... buy yahoo...
I have no idea where the (Yahoo) bottom is after today....but i think it is the one stock to own for the next 5-10 years. I would not touch 99 percent of the internet stocks....but selective business models and selective stocks are going to be cash cows going forward.
This is the King. buy the King. As far as my dad is concerned he may be better off in WCOM or some other stock.... |
