tag:blogger.com,1999:blog-23739424.post114485272876665042..comments2024-03-17T02:12:32.437-05:00Comments on Inchoate Random Abstractions: How to Become WealthyIRAhttp://www.blogger.com/profile/01088005060867682838noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-23739424.post-1144953975897915562006-04-13T13:46:00.000-05:002006-04-13T13:46:00.000-05:00To clarify, I'm not advocating that people should ...To clarify, I'm not advocating that people should buy a stock just because they like the company's product. It's just a good place to start in terms of researching companies. You still have to look at the fundamentals and buy at an attractive price. I have friends who bought stocks purely based on stock screens. When you ask them what the companies actually do, they have no clue. So, I think people should at least try to buy what they know. As for Disney, if you look 2 years back, it was trading at $23. If you look 3 years back, it was trading at $17. Look 10 years back, it was also trading at $17. But you're right. If I had gotten into Disney 5 years ago, I'd be disappointed right now. Fortunately, I didn't.IRAhttps://www.blogger.com/profile/01088005060867682838noreply@blogger.comtag:blogger.com,1999:blog-23739424.post-1144942191614947352006-04-13T10:29:00.000-05:002006-04-13T10:29:00.000-05:00Hmmm...good point about early adopters in terms of...Hmmm...good point about early adopters in terms of technology stocks. But I was more thinking along the lines of Fortune 500 companies, like Disney. I would definitely keep those types of stocks for the long haul. As for retail stocks, I've noticed that most trends start on the east or west coast. By the time it hits the midwest, the stock is usually over priced.IRAhttps://www.blogger.com/profile/01088005060867682838noreply@blogger.com