>> That's how i'm feeling about investing in the energy sector right now. have i already missed the easy money? and am i just setting myself up to get burned by the bubble du jour?
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Well, energy, specifically, the companies with assets and earnings isn't a bubble. But how much mode upside remains, I wouldn't know.
About the other question about missing the easy money. In my (painful) experience, the easy money, by definition, is impossible to predict. You can participate in it only by pure unplanned and undeserved chance. And so everyone misses most of it, most of the time.
You also mentioned "investing". I am convinced that playing the market is not "investing". And even though I have 100% of my non-emergency funds in the market, I cannot pretend that it is "invested". It is a gamble that I am taking, hoping to double my money in a year or two. All the time fearing that my funds would get cut in half or worse. It is nerve wracking, and I wouldn't do it unless I had adequate income from a job that could replenish my losses, if it comes to that.
I really think the only legitimate investment for someone who needs to preserve his money is CD's and high quality bonds. They can't provide "get-rich-quick", but they won't send you to the poor-house, either.
Good luck. And I mean that. Making profits in this market seems more a matter of luck than anything else.
Sarmad |
