XPost: comp.sys.mac.advocacy, comp.sys.macintrash   
   From: timberwoof@stimpberawoofm.com   
      
   In article ,   
    Tim Smith  wrote:   
      
   > In article , Timberwoof   
   > wrote:   
   > > I bought some at $20 on the way down ... and then things got so bad I   
   > > couldn't afford to sit that out and sold it at a loss to pay for other   
   > > things.   
   > >   
   > > Don't buy stock unless you can afford to not touch the money for five   
   > > years.   
   >   
   > Add another clause to that: ", and you are very rich and are a full-time   
   > investor who is buying stock in many companies".  For nearly everyone else,   
   > they should have their long-term growth money in an index fund keyed off a   
   > major market index like the S&P 500 or the Dow.  Such a fund does better   
   > long term than individual stocks, and you don't even have to think about it.   
   >   
   > Investing in individual stocks, such as Apple, for the small investor, is   
   > best only for people who want to put a lot of work into doing worse than the   
   > market averages. :-)   
      
   And Apple over the past few years is an excellent example of how much money one   
   can lose on the stock market?   
      
   --   
   Timberwoof  http://www.timberwoof.com   
   http://www.apologiesaccepted.com/index.html   
      
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