The same thing happened with radio in the 1920s. Now imagine that it's 1982, and you sense that the PC will become the hottest technology product of all time. Meanwhile, the average stock can be bought for just two times its sales. That means there's no margin for error. Of course, I'd rather see you invest in the Internet through a long-term holding in a fund than by trading a few Internet stocks at a time.
Funds are a lot safer.
Personally, I'm keeping my position at zero for the foreseeable future. Time Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited. Our Privacy Policy . Terms of use .