drjohn, thanks, that's interesting. But personally I think the time of buy-and-hold are gone for the visible future. I'm not planning my investments more then a year or two ahaid. For long term I have 401k, it does a job - around 6-7% by its own.
Can you explain a little bit more about 1 billion of new middle-class custmers? This is extremely interesting and may affect my estimates. What is the timing of this? I think China is still far from having large middle class, India much more. We may have 100 million newcomers from east Europe, another 200 million from China. But maybe the world changed while I was not watching?
Edit: new PC is a purchase #4 after you have place to live, fridge and TV. I don't count cars, because I think 30% of middle class worlwide does not have a car and don't even plan it. So PC goes before the car.
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