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Originally Posted by ApK
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At&t too ..till it crashed...Kodak too...like wise.
So your advise really seems to amount to 'go back in time 100 years and buy stock that is still valuable today'. The market is always a gamble, yet there are people who make money in a different way than picking the right company decades in advance. In a different way than you. But you really seem to think you know better than everyone.
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I believe I said buy good companies or sectors and hold. I probably should have continued, "until they are not good." You need to understand companies to pick the good ones. I happen to know a lot about a particular company and like its potential (it's not Apple). You can do the same thing with funds. I have never invested in international funds, for instance, because I do not have time to ensure the stability of the nations or their currencies. Investing is speculative, but 'regular' people have made money in the stock market.