Thursday, May 24, 2007

Everyday trends? The stock market

I was listening to the radio while driving to work yesterday. It wasn't the usual blah blah blab that I hear everyday... nooo... this one actually caught my interest. It was a self-explained story, told by a now wealthy man who understand current everyday trends and how he applied them to the stock market.

For example, he said that right now there is a downturn in new home purchases within the last six months. This should lead to Home Depot stock to rise in price. And even though there is a pretty hefty price to buy Home Depot now, his claim is that it doesn't take much to get started. It doesn't matter how much you start with because you can start with very little and build up. Maybe someone will make fun of you because you have, say, 7 shares of a company. But realistically, doubling your money, whether it be $300 or $30,000, is still doubling your money. And you have to start somewhere.

So what did I get out of this? I agree. I think, you have to start somewhere.

I want to think like he does. I want to understand how trends may be leaning.

Some ideas:

1. New wireless capabilities may be taking over more than just entire cities. We already know that Philadelphia proposes Wifi , Toronto adding to the pot, along with San Francisco chiming in, what is in store for the populace of these regions? Should we target Earthlink, or its competitors, such as MSN, AOL, NetZero? How about the portable devices that may surge into common day life, like Blackberry, Nintendo DS, or Microsoft Origami?

2. The radio personality also claimed that as every 7 seconds passes, someone turns 60 years of age. Then, he goes on to say that this means people move to retirement places more frequently, and need to store their stuff. My opinion: medications, vitamins, food, supplements. Things to keep them healthy.

People are living longer these days... why would it be so hard to take a chance with the products targetting this growing population?