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Pastimes : Generation Xers--saving and investing strategy

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To: Mike McFarland who wrote (12)	9/4/1997 12:07:00 AM
From: Mike McFarland	of 100

FPF continuing to sag, yuck. Another ten percent and maybe I'll triple down. At least Aspect is up. Was talking to an older fellow at work today--all the cliches come up whenever anyone talks about the market...buy on dips...invest for long term...dollar cost average, it gets really old...I mean everybody spits out these lines now, if that isn't the sign of a top, what is? So, how can genxers build a portfolio of a handful of ideas that'll pay off within twenty years? I mean forget the tips at work, today I got Pepsi as a tip, a company that bottles sugar water and has a chain of crappy restaurants, no thanks. Here's a thought, buy what could be completely different twenty years from now. Now Pakistan and the Philippines will be bustling successful democracies of course and I'll have gotten rich on my two funds, but what about mining the oceans, solar energy, fusion, electric vehicles, floating cities (where all the yups who are getting rich now can drink and gamble their retirements away) hmmm...gotta be an idea in there.

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