This has been the best year I've ever had domaining.... I do have a decent amount in otc stocks which has been paying very well for me
Diversify, diversify, diversify. Good advice.
Even if just in domains, diversify your portfolio.
Time to buy... Then again, US economy isn't expected to go on a rebound until after mid-year, so this might continue yet.
Then again, what goes down...
Keep up with the news is important. Don't look for a turnaround or upturn until 2009 or even later.
Bank of America pumps in $2 billion to bail out countrywide. That didn't work. So they spend $4 billion to buy them. Chasing bad money with good money.
Merrill Lynch just posts a lose of $9.9 Billion.
Deutsche Bank is getting ready to foreclose on a default of a $3 billion loan of a casino in Vegas.
Notice how the "m" has changed to "b" for billions.
Many, numerous, most of the capital and investment firms, banks, lenders have not fully disclosed their loses. This is just the cusp.
There will be a jolt like none before.
And I am not sure domain names will be totally immune from this. I would hate to have all my funds tied up in domain names and then try to be liquid real fast.
Cash on hand, real estate (land, not houses), and other tangible and intangibles are crucial.
I am always hopeful and optimistic but also a realist.
Frankly, we are already in a recession but few want to use the "R" word.
u can make $$ shorting stocks...
ain't that fun?
I know a girl who did this and retired at 42 years old. Now she is back to work as her 16 year old son was accepted to Yale.
Good for him, sucks for her. Talk about a drain (about $70K per year) but a great investment in him.
