Quote:
Originally Posted by Table 5
I'm ok with that, because I'm fairly young and don't really need the money (knock on wood!) for the next few years anyway.
Tell me if I'm foolish, but if something is so volatile. yet safe in the fact that it's not going to go bankrupt, can't that also be a really good advantage? For example, even if a whole sector is tanking, you are almost guaranteed that it will come back up (unlike single securities which can go bankrupt) as long as you can wait a bit....and since it's so volatile, it might not be always that long. So in a way you could always hold out during the lows, and sell in the highs....ideally.
|
Yup. That's the attitude to have.