Tuesday, October 24, 2006
One thing that I notice with the world these days is there is so much opportunity. There are more types of jobs than ever before and especially a lot more entrepenurial opportunities. I think the Internet has largely contributed to this trend. I hear people making money in all sorts of ways, even people making money with online casino bonuses or selling virtual items in multiplayer role-playing games. The only thing to do is make sure to stick to something that you think you will have success and try to avoid doing too many things at once.
Monday, October 23, 2006
One thing that sometimes I and most people have trouble dealing with is variance. This is because most people are used to having steady, guaranteed income from a job. Even an online business like a website you don't usually have 4 or 5 figure swings in the negative range on a daily basis. But for people with large buying power in the markets, it can occur quite often. I think the best way to deal with is to just remind yourself that it is normal, and also not to think too much of it.
I here so much in the media how real estate keeps on falling and from other people that many will lose their shirt. But reality is, only the gambler and a few unlucky ones will lose in the end. Obviously some of the flippers are just gambling and some will win, and some will lose. The other ones that will lose is people who unluckily bought at the top and have to sell sometime soon because of a job change or other circumstance. But most average joes are in for the long-term and already have some equity and will do fine. It's similar to the tech bubble. Obviously some lost a lot, but they were mostly gamblers buying stocks they didn't know anything about. The long-term divserified investor should be doing very well in this strong bull market.
Well this stock once again broke all-time highs. I seriously do not think this stock will go down significantly until it has a major parabolic run. Reason being is there is some much hype and hoopla about this stock. Everyone mentions it even if they mostly dabble in microcap stocks. And also fundamentally it is not bad either. Many people talk about the Web 2.0 with all the social networking sites like myspace, linkedin, youtube, and countless blogs. Well GOOG is profiting heavily from these sites with their ads and I don't see it ending anytime soon. So it would not be smart to short this stock anytime in the near future.