Re:Don't Steal Money from Day Traders Before They Lose It
by Retric on Friday September 07, 2018 @12:05PM
(#17935382)
I don't see anything right now growing the way the PC revolution did. But, thinking in terms of what stocks you would want to own 10 years from now is IMO still valuable.
Oil companies are still going to be making tons of money in 10 years, but people will start to doubt their future without heavy diversification. Whichever company wins to battle for solar cell manufacturing is going to become the next Exxon, but it's going to be a long brutal slog. Still if your in your 20's buying and holding any company that looks to have an advantage in this space is a long term winning strategy even if most of them will fail.
Oil companies are still going to be making tons of money in 10 years, but people will start to doubt their future without heavy diversification. Whichever company wins to battle for solar cell manufacturing is going to become the next Exxon, but it's going to be a long brutal slog. Still if your in your 20's buying and holding any company that looks to have an advantage in this space is a long term winning strategy even if most of them will fail.