Quote:
Originally posted by the_only_turek_fan@Jul 29 2004, 04:30 PM
Not the best idea, IMO.
All the "High-Tech" stuff is so cyclical. If it were 1998 or 1999 you could have made a boatlaod of money. The market for that stuff is really slow right now.
If I were to invest into something right now I would put my money into the phramasuitcal industry.
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totf - there's a difference between 'High Tech" and the nanotechnology, especially the cyclical part.
You bring up "if this were 1998 or 1999" argument - that had absolutely nothing to do with the natural business cycle or the topic at hand, really. There was a massive market correction at that point in time when investors realized that a lot of dot-coms that came out had no market and weren't profitable businesses - things are not as booming in the markets now because investors are becoming smarter and a little more cautious about which high-tech investments they make. As well, all businesses have cycles. The thing with investments is that you plan on holding them for the long term to make money in the future - so if things are slow now in high-tech, they can still be profitable in the future (if one were to invest wisely).
Whether nano-technology will be profitable in the future, that's a different story. From what I gather, it's still heavily in the research stage and there's no real market for it (and I'm not sure if there'll be one for a while). But, when you're making your investment decision, you need to ask yourself (or an advisor) whether you think the businesses selling the technology will be profitable or not (thereby increasing the value of your investment). If you think it will be, then you may as well buy now and sit on it for a bit.
I'm definately no expert, but hope that helps and makes sense! Basically, my advice is snow-job yourself with information and make an informed decision on the company(s) you plan on investing in.
