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Hey All, With the bull markets continued strength (may reach 10,000 by years end), Blue Chip investing sure seems safe and profitable. In years past, I've bought cheap stocks hoping to hit a home run. I have hit a couple, but most of the time strike out. Was talking with a friend today about the cost of things about 30 years ago. I bought a new VW in 1969 for $1835. He bought a new Jeep in 1971 for $3000 dollars. A similar Jeep today, would be closer to $30,000. And they are telling us that there is no inflation! Hah! Or maybe corporate profits are that much higher. IBM reported making a billion in one quarter today. So I hold some stock in Chrysler, GM, and Ford. I also hold another car company, BAAT. The blue chips are returning about 35% a year for me, and so far I've lost about 30% on BAAT. Guess which companies a am most heavily weighted in? The Blue Chips, of course. I consider my speculative investments as lost at time of purchase. Examples: EOSC, Futurenet, Trikon, and BAAT. However, I only have a total of around $6,000 invested between the four. On the other hand, about 10 times that much in the big three auto makers. It's good to catch a rising star on the ground floor, but day in day out, the Blue Chips generate the capital to make the speculative investments! Just got to get our priorities straight. Just a few thoughts, Thanks for your time, KC. |
