Sunday, July 12, 2009
Blue Chip Stocks: Investing for the Long Term
Many people buy blue chip stocks and hold them for a long time thinking that a long term strategy will work out in the long run. This USED to be true, but nowadays we have blue chip companies going belly up left and right. Enron was considered one of the richest and best companies to work for and they ended up being billions and billions of dollars in debt. Anyone who invested in the long term on this company lost everything. There are many other companies that did the same thing like Worldcom. I don't think this kind of thing would happen to a dinosaur like General Electric but look at what happened with General Motors so anything is possible. I think investing in private companies is the new style of investing.
Posted by Mike at 12:52 PM