Quote:
Originally Posted by woj
As long as you are a long term investor you will be fine, the rally may continue, or it may dip a little, but as long as you are not looking to make a quick buck trying to time the market you will be fine...  |
long term investor can be dangerous too as many so called solid companies will be gone as in history in the coming years yet now seem like a staple in everyone's portfolio, avoid those in the newspaper business, blockbuster, any company that relies on offline advertising radio stations etc, unless piracy laws are passed most big movie production companies will be destroyed, retail chains that sell items people can buy online cheaper (old populaion keeping them alive and the part of the population that dont feel comfortable buying online, old dieing and more and more people feel more comfortable ordering online) barnes and noble, banks with tons of big branch locations wont be able to compete with the online banks, again the old people are keeping these big banks open as the young population dont go to the banks much and are ok banking with online banks with better CD rates etc. (thats why there are so many holdups in banks, who will stop you the people in line with canes? who will run after you the people in wheelchairs?) telecom companies that rely on landline service, internet companies that dont offer and or dont have plans to offer fiber etc etc
anyway my point is think long term the world is changing and changing fast.