When I was in high school, I was part of the investment club. (Yes, we had one, and I actually earned a letter for it). Diversification was one of the items our teacher/leader/whatever would stress the most. She wanted us all to become day-traders, but knew that wasn't realistic (as most of us had specific careers in mind by that point, and wanted to learn how to properly invest money only to secure our financial future, not necissarily to become multi-billionaires). So anyway, I still find it almost insane to do the "Buy low and hold on to it forever" method of investing in the stock market, as the potential returns from day-trading options can be so incredibly lucrative.
Heh, all this, coming from a guy who makes less than $24,000 a year (which means take it with a grain of salt).
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Date: 2005-06-24 12:55 am (UTC)Heh, all this, coming from a guy who makes less than $24,000 a year (which means take it with a grain of salt).