posted
I keep seeing threads that involve daytrading. Does anyone actually go long? Investing for the long term. The warren buffet and lynch way of investing does not seem popular or sexy anymore. What do all of you think? Also what do you people think about etfs for the long term?
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quote:Originally posted by rzande1: Well I know pennies are for trading but cant some become a long investment? Look at mcdonalds or ibm or microsoft. Even ge.
big boards...actual exchanges: these are pennies
if you knew what you were doing...or got real lucky...you could buy into shells and wait for some to hit.
But even then, you might need to get out quick.
"but cant some become a long investment?"
Would you "invest" in the next place lightning will strike?
in short...no.
Theoretically, anything's possible--and a very few have become investments, at some time. Basically, if you wanna invest, pennies ain't your deal. If you get real good at playing pennies, you might stumble upon an investment, through the years...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
Going long for long term investment in my opinion is not smart... basically people buy a stock for investment to hold for 20 to 30 years and "hope" that it will go up in those years.. instead of buying a big board stock for perhaps a few months.. make their profit when it starts downtrending and look for a new stock that is beginning a new uptrend... you do not have to daytrade big board stocks but no one says you have to hold it for years neither... one of many examples where people held a Long term stock and did not listen to the downtrend is Enron...
-------------------- Let the world change you... And you can change the world.
posted
There's a book called "Rule no. 1 Investing" that I have started to read. The premise is that basically, if you find a company that is a good value (and it gives some ways to find this) and can buy the stock when it takes a downtrend, you then hold it until it makes 10%. Then sell and find another stock that is undervalued. (very similar to what Mach just said) If you do this consistently, you will do better than if you try to time the market, or if you try and invest in one stock for the long term.
Jo (The book is not written about pennies, however.)
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
there are plenty of long term investments none of which are pennies. play the pennies, invest in REAL companies. sometimes sectors get nice long runs. homebuilders had their 3 year run. oil stocks had their 3 year run. even AAPL has had a nice 3 year run. One i've had for almost 2 years is AOB. this was a BB stock that moved to the AMEX and has performed well. they are out there you just have to do your homework.
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