Re: Should Web Entrepreneurs Hang on to their Companies?
by byoung2 on Monday October 26, 2009 @01:06PM
(#903586)
Diversification doesn’t mean stocks and bonds, it means owning and operating several or many different businesses
I don't see why you can't have it both ways - run several businesses and use the profits to invest. A small-scale entrepreneur (like me) with a handful of businesses earning a few thousand a month can use the supplemental income to build up savings and a healthy investment portfolio without having to liquidate the business. If you focus on long term investments and use strategies like dollar cost averaging, the ups and downs of the market should be on par with the risks of running several businesses.
I don't see why you can't have it both ways - run several businesses and use the profits to invest. A small-scale entrepreneur (like me) with a handful of businesses earning a few thousand a month can use the supplemental income to build up savings and a healthy investment portfolio without having to liquidate the business. If you focus on long term investments and use strategies like dollar cost averaging, the ups and downs of the market should be on par with the risks of running several businesses.