Thread: Investing 102
View Single Post
  #1997  
Old 08-28-2012, 11:23 AM
toy71camaro toy71camaro is offline
Senior Member
 
Join Date: Feb 2012
Location: Northern California (Stanislaus County)
Posts: 444
Thanks: 19
Thanked 5 Times in 4 Posts
Default

All great points.

I didn't want anything to do with it for multiple reasons:
1. I didn't have 'the money to lose". I HATE losing money.
2. I didn't think it would "do anything". What I mean is I've been a FB user for quite a few years now. I've seen it go from a "everybody HAS to have it" to "yeah, some people got it, but those that do, are generally disliking MUCH of what they keep changing". So, eventually, their gonna piss off enough people and everyone's going to jump ship to the next fad. Google+? heh

#2 goes back to what Greg said way way back in this thread. Own something you have an "inside" track to. Own the Home Depot because you shop there cuz your a contractor 4 times a week. When YOU notice its "going sour" in the store, best think about your shares, and if you think the company as a whole is sinking. That's what I "seen" with FB. It was going downhill already. Not jumping on a sinking ship here!

Honestly, they shoulda done something back in 2008-2009. THAT'S when it was at its peak. They were a couple years late. And still, I don't see the "business" model to make $$ over at FB.
__________________
Albert


My Toy... is actually a 1973 Camaro LT and a '09 HD Dyna.
Reply With Quote