What Do Geeks Invest In? 11
Future Linux-Guru asks: "When Microsoft's stock price took a dive on the news of the judgment [last week], I wondered how many geeks were affected -- either because they held stock in MS, or because it was a holding in one of their mutual funds. What stocks do Geeks invest in? And how do Geeks invest for the future?"
Mostly index fund (Score:2)
Since most mutual funds don't even do as well as the S&P500, and I'm a firm believer that just investing in tech is a bad idea (the last week is an example of why), this fits me perfectly. A little bit of risk in the overseas fund is offset by the relative stability of the bond index fund.
Investment (Score:2)
Mostly non-tech stocks (Score:2)
With most tech companies so high to begin with, I've largely been avoiding them (my one exception, AMD. They seem to have gotten their stuff straight and the Athlon rocks. But I digress...)
Smaller biotech and medical services companies are what I've been looking at for the high growth portion of my portfolio and a couple bigger more established firms as anchors.
Since I've got a long horizion (35-40 years) I'm making only a few big investments instead of lots of small ones. I can only lose 100% in the worst case, whereas my winners can go up 200% or more.
I have my money split between a straight investment account, my Roth and my rollover IRA. Short term transactions (under 2 years) I do in the Roth or IRA and long term stuff in the regular investment account. (I *HATEHATEHATE* taxes, so unless I plan to hold for at least a few years I buy in the tax deferred accounts.)
Check out http://fool.com for some good advice. Also read about the "prank" ZDNet played on April 1. I understand many investors got burned because the just traded on a tip. If a stock is a good stock today, it'll still be a good stock tomorrow. Do you research!
Erisian
Re:Mostly non-tech stocks (Score:1)
the Fool (Score:1)
Geek's choose Linux (Score:1)
Another sort-of related question: (Score:2)
- A.P.
--
"One World, one Web, one Program" - Microsoft promotional ad
Re:Another sort-of related question: (Score:3)
For those of us that know the tech sector well, there's plenty of opportunity to turn this into something.
Example:
Say it was about 6-8 months ago. Buy 100 shares of Corel at 4, 100 shares of Xybernaut at 6. Corel peaked at 44 (it's now at 10) and Xybernaut hit about 24 or 26 or so. Assuming you hit the peaks and sold, you'd have $7000.
Alas, knowing when to sell is the hard part....
Re:What I invest in?? (Score:1)
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And furthermore...forgot to mention (Score:1)
What I invest in. (Score:1)
And no, I don't own any 'Linux stocks'. Not just because of persona prejudice, but because I don't hold any high-risk stocks at all.