Anybody can throw all the high-flying internets into a bag and call it investing Marc. I call it pin-the-tail-on-bankruptcy. Only a matter of time.
The Whiz claims he is prepared for the downside as well. But he doesn't think it will come in the form of some grand Internet bust. In fact, he recommends owning Yahoo!, Amazon.com, eBay and AOL for the long, long term. "Buy those stocks, take a very long nap, wake up in 20 years, and thank me," he says.
In 20 years these stocks might actually be worth what they're currently valued, but I bet this kid's portfolio won't. I wrote an article over at tigerinvestor about people making these kinds of trades:
tigerinvestor.com
Some of you may recognize it as a toned down version of some of my previous rants.
Pat |
