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Millennials Are Making Long-Term Investments In Big Tech Stocks
@MFO Members: For those of you who are not aware Bob Cochran works for PDS Planning Inc. in Columbus Ohio. Bob has been a major contributor to both MFO and FundAlarm.Com, For a Bio on Bob, click on his name on the PDS Planning Website. Regards, Ted http://pdsplanning.com/our-story/our-team/
@BobC, Those millennials who I work with for the last two decades are different alright. Many did not fare well during two bear cycles in 2000-2002 and 2007. Sadly some are still sitting on the sideline in 100% cash.
Yea, even with my own millennials it's hard to convince them that investing in the tried and true hitters who spray it all over the field year after year is a better bet than the hitter who cranks out a grand slam once every 5-10 years.
However, if they wanted to construct an investing motif of their five to ten best tech stock ideas I wouldn't discourage them.
Over the last dozen years, I think, one of my kids did an undergraduate econ paper analyzing Apple, then revisited it in grad school, and after that as a blogger --- and each time (so now perhaps up to 4-5 instances), I thought to myself, 'Hmm, interesting, I wonder, ... still looks awfully expensive, we better pass.'
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Regards,
Ted
http://pdsplanning.com/our-story/our-team/
However, if they wanted to construct an investing motif of their five to ten best tech stock ideas I wouldn't discourage them.
Phooey.