… yes, they can.
But they’re not going to achieve optimal results, which is not necessarily always a bad thing.
Let’s assume someone blindly bought 30 LLL dot coms in 2003 and simply kept them for 10 years. That person probably overpaid on most occasions but still, his investment generated an excellent return.
In my opinion, that will also be the case if you buy 30 LLL dot coms now and keep them for 10 years.
In fact, even those who bought 30 LLL dot coms in 2007-2008 at the highs will do well if they hold on to their investment and aren’t in a hurry to sell. You get the point.
Yes, you can make money without investing time.
Lots of people were/are simply bullish on domains but don’t want to invest too much time. For those, the approach I just described makes sense.
On the other hand though, those who make domaining a priority will, of course, generate a return that’s exponentially better. But in this case, they’re also investing considerably more time.
So it all boils down to this question:
Is your current business/occupation/whatever generating more for every hour invested than you think domaining would?
If so, a passive approach is most likely the best solution. Keep doing what you’re doing, invest in domains whenever appropriate just like you would invest in other assets.
If not, roll up your sleeves and start reading/asking/learning/working 🙂
There’s no right or wrong answer to this question, it all depends on your specific situation.
For some people, a passive approach represents the best choice while for others, it makes sense to make domaining the #1 priority.
March 13th, 2013 at 6:38 pm
They’ve probably made a 5-6 fold gain but they could have easily lost 50-60% if they’d bought in later years. Don’t agree that simply wIting will provide a good return, in usually comes down to timing, that is a very difficult thing to try and do.
March 13th, 2013 at 6:59 pm
@Snoopy: there are of course always corrections in any market but my examples were buy and hold scenarios (10 years in our case). Someone who bought in 2008 and sold in 2009 at market value lost money, I agree.
But someone who bought in 2008 and will sell in 2018 is going to do well in my opinion, despite the fact that his timing wasn’t exactly great.
March 13th, 2013 at 7:04 pm
PS: I’m saying this because I’m bullish when it comes to investment grade domains. I’m sure someone who is bearish feels differently, the main point of this post was to explain that if the market does well, you can do well even if you don’t want to make domaining a priority and even if your timing isn’t all that great.
March 14th, 2013 at 3:26 am
I think it more than a correction, these haven’t recovered after 5 years. Personally think these were a bubble (2002-2008) and will not do particularly well for some time.