Google’s stock soared from opening day, defying predictions, but not gravity. One of these days I’ll learn to buy stocks when they’re low and sell them when they’re high, instead of the other way around. You could make more money in the market by doing the opposite of what I do.
What do I do? I told you. Buy high, sell low. It works for me. It’s the only true way to a small fortune in stocks. Start with a large fortune in stocks first.
Google is tasting Wall Streets wrath these days. The price to earnings ratio of GOOG is worse than AAPL, as if that matters when selling an overpriced stock so you’ll be able to eat and pay rent.
I figured Apple Computer’s stock to be too high at $40 a share. It’s down a bit, but still in the mid $70s. Microsoft’s MSFT? Hasn’t budged in five years. Does that make it a bargain?
Stock market proponents argue that stocks are an excellent investment over the long haul. Unfortunately, the dot com bubble taught too many investors that you could make money today, and tomorrow, not next century.
We’re into next century already and not much has changed in five years. Except I’m not as rich as I once was. I’m shrinking, too.
Seriously. I’m shrinking. I figure I’ve lost nearly an inch in height over the past decade, and short of medieval stretching techniques can’t figure a way around it. It’s part of the circle of life.
What goes up, must come down. I’m coming down. How much stock I have won’t help.