John C Brandy, Financial Consultant (Hourly)
I believe so. Actually "in the long run" is the key here. Some people mean 5 - 6 months when they say that where I mean 20+ years. In that perspective, most investments are good "in the long run", though obviously some do better than others.
My advice is to have patience and buy slowly, but keep buying no matter what the market is doing.
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Adam C. Harding, Financial Advisor
It's hard to answer your question precisely, as there are too many business-specific risks to determine if any one company may be better than the others. Also, you have to consider the economic cost of making an investment into driverless car companies instead of something else (like, say, a broadly diversified stock fund).
At the end of the day I believe that capitalism works and investors should have positive expected returns if they invest in any company and are patient, but the reality is that individual companies do experience company-specific hurdles and I'd rather mitigate those hurdles by owning several stocks within a single fund. This might not lead to hitting a home run, but it greatly reduces the risk of striking out. Yet, there's no one-size-fits all approach to investing, so there may be room to take a small bet on an individual company if your portfolio and financial plan allows for this kind of risk.
Of course, if I can clarify any of the above or offer any guidance, please feel free to reach out.
Adam C. Harding, CFP
For informational purposes only, not to be considered investment, tax, or legal advice.
See my recent articles in The USA Today and Nasdaq.
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