Word: auto
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...playground after the market closes, and the other kids make fun of me. "How's your Nike?" they laugh, knowing I shorted it at 70, betting it would go down. (It's 89.) "How's ol' Crappy?" they squeal, referring by nickname to a small auto- parts rebuilder I started buying at 7. I bought more last week...
...afford to put away for the long term, because over the long term, stocks always outperform safer investments. But do your investing indirectly, through no-load mutual funds. Don't try to guess when children will stop murdering their playmates for Nikes or when overcapacity in the used auto-parts market will be sopped up -- let a pro guess for you. Don't try to be nimble or quick; try to be patient...
...PACE OF life is slower here. People work hard, yes, but they work with unharried determination. I meet Chris, a man who operates an auto body shop out of his garage...
...perhaps two or three, huddled over an engine, pointing to the hoses and speaking in muted voices about the carburetor. Driving on the most forlorn and deserted road, interrupted only once every few minutes by a farmhouse or cow grazing, I pass a sign proclaiming, "Dave's Auto Welding shop." Dave, like his neighbors, has worked on cars all his life...
This week's cover features five twentysomething adults. From left, they are: John Neubauer, 27, of Baltimore, a teacher; Raul Alvarez, 23, an auto mechanic in Ventura, Calif.; Christina Chinn, 21, of Denver, a communications and business student; Sonja Henderson, 23, an art student in Chicago; and David Robinson, 25, a graduate student in English at the University of California, Berkeley...