Blackberry for Profit

When I started my own business I realized that I needed access to my email when I was away from my computer. I invested in a BlackBerry and it has enabled me to better service my clients and get things done without being tied down to my computer. With the aid of other technology I also receive faxes, navigate around the universe with the GPS, and surf the internet.

The last couple of times I have been in a restaurant or a pub I have noticed that BlackBerries are everywhere. They are no longer just for business people, and it is not uncommon for junior high school students to be seen using them. I remember counting 18 out of 20 people having one on the patio of a pub last week.

Often referred to as a CrackBerry . People can become highly dependent on their Blackberries and the information they can provide.

To say Research in Motion has a hold on the market share of PDAs is an understatement. How can you profit from this? Invest in the company! RIM is still down 33% from it’s high of $125 last year. As the economy improves I believe that RIM will be a winning stock.

Although tempting, I will not be investing in anything until my mortgage has been paid off. Do you hold RIM in your portfolio?

Disclaimer: My opinion is based only on what I see as I do not have the knowledge to properly evaluate this stock. Always get professional advice when making financial decisions.