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Good. Google's P/E is less than 25...and they're a growth company. I can't wait to slowly start buying (weighted average cost please) some of these money earnin
by fallentimes 18y ago
Good. Google's P/E is less than 25...and they're a growth company. I can't wait to slowly start buying (weighted average cost please) some of these money earning stocks over the next few months (value, growth, everything). This is why you invest for the long-term and always diversify. If you have some extra money outside your emergency fund lying around, dump it in to a Roth IRA (Vanguard & Fidelity are excellent) and slowly start buying.
- shedd 18y agoCertainly - for the long term, this is a buyer's market. Since it's too hard to predict when the bottom will hit, dollar cost averaging is a good strategy.
- samwise 18y agoalso as the dollar become inflated holding, i would rather hold shares than currency. i would also get my hands on some GLD
- mattmaroon 18y agoIs Google a growth company anymore? Where do you see their growth coming from? They're looking fairly mature these days.
- fallentimes 18y agoMobile.
- mattmaroon 18y agoI'm not sure how much that's growth vs. shifting from one place to another. But even still, you'd have to expect a pretty large explosion in the near term, and assume that it was highly-monetizeable for that alone to make them a growth company.
- fallentimes 18y agoThere's over 10x the amount of mobile devices vs. the amount of PCs/Macs worldwide. Essentially, 5-15 years from now, everyone's going to be on the "new PC" all the time, anywhere they go. That's why Google is so invested in Android...they want to control your browser, your cell, your email and your operating system, which lead to controlling your search. If and when GOOG dips below $350, I'm going to start buying. A ~20 P/E for what in my eyes is a growth company, is ridiculous. This isn't just limited to GOOG either; there's going to be a ton of bargains (by historical standards).