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Charlie Bravo | What stock or fund would you recommed? Want to invest $1000--and I am willing to take the risk? |
thanks Additional Details thanks Common Sense...(smart-a$$) |
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Brendan Prewitt
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So, first off, I want to say that Common Sense's comment everytime someone asks this question is a bit obnoxious, and while it does provide good advice, I find it incorrect for someone to just write off what everyone else has to say. Let's face it, any $1,000 investment into any publicly traded company will have no effect the stock price, meaning it is not possible for a current shareholder to profit buy pumping a stock. I cannot see any reason why anyone would encourage somebody to make a bad investment, especially when they stand to not benefit from it. Anyone asking for recommendations should know that they will have to analyze each company before they actually make an investment, and not just jump in because someone says it.
With that said, I would suggest you take a look at my blog, don't worry, it has my credentials. It has a list of all of the stocks I own, as well as short write-ups as to why I like each of them. It also has reviews on some of the companies financial results, and some other topics. Basically, it would be a great place to start your research, what do you have to lose by looking at what other people are doing, and why they are doing it? I would just say that by listening to Common Sense, and writing off what everyone here has to say, you have gained nothing. Perhaps, one of the recommendations has great potential, and you would recognize it if you looked at it, but instead you just write it off as someone who doesn't know anything. All I know is that there are both some very wealthy and intelligent people that visit Yahoo! Answers, and ignoring that could be a mistake. Of course, you have to have enough knowledge to know the difference between what is a good stock and what isn't. So yes, if you are inexperienced, avoid everyone's advice and don't act on it just to act on it, but if you have some experience, don't just ignore what people on here have to say, instead analyze the stock they like for yourself.
Just my opinion.
Best of luck!
Brendan Prewitt |
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Mary Ann V
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DRIP Plans are great long-term investments.
Look into them.
Don't gamble with your money with penny stocks or forex trading. |
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EyĂźphan C
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General tip:
You can try to find a stock with a high dividend yield. These stocks are btw very stable and loved by stock investors. Why?
If a company can pay dividends on the long run then their
business seems to work well. |
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Donald B
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If you are looking long-term, one of the best investment vehicles available to an investor is DRIP Plans.
They are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
The best part is you get solid annual returns from well-known, safe Blue Chip companies like: McDonalds, General Electric, Pfizer, Walmart, US Bancorp.......etc........
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. |
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trans- formed
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This is my standard advice to a beginner stock investor. Choose a stock of a solid company (or a mutual fund) that you believe has a future, and has a 3-5 year record of consistent growth of its share/stock price. Assuming youâre a US citizen, it has to be a company (or mutual fund) that trades on a US stock exchange. Many foreign stocks also trade on them. Just please donât support a company of a communist country, such as China. Look in on its price and news articles (like through Yahoo Finance) every few days or daily to make sure nothing tragic is occurring to your particular company or stockâs value. But HOLD it. Only sell in the event of some major free-fall, at the end of which you would re-buy it. You get no âat-a-boy pointsâ for holding onto a stock that goes down. As you earn money you should also buy the stock of an outstanding company in different industries, using the same evaluation technique as above. This is a simple stock market plan that should serve you very well.
Youâll need to contact a brokerage to start an account. I personally am happy using Fidelity. Youâll want to be able to trade online. If you donât have an IRA (Individual Retirement Account) I would start a Roth IRA as the account in which to keep your stock because all the earnings/gains are tax-free. A HUGE benefit. And max the allowed contributions whenever you can afford to. You canât withdraw this money until age 59 ½ without a major penalty, but still the wise thing to start first. You can also start a second regular type of brokerage account and place whatever amount of stocks in it, if you feel more comfortable knowing you can sell off and withdraw the money anytime. But youâll have to pay capital gains tax on any gains when you make a withdrawal.
Be aware that if you want to make quick trades within a few days time, you must first be granted âmargin traderâ status by your brokerage. Ordinary traders are required to follow this stock exchangeâs rule: âAll sell orders you make must be settled before you can make a second sell orderâ. Settling takes 3 business days. Oddly, you can make a second purchase using funds not yet settled. But if you place a sell order a second time, within the 3 day period, the brokerage computers I have experience with will allow it but you will be warned that you have violated the exchange rule. Do this 3 times in a 365-day period and youâll have a 90-day trading restriction placed on you. Why brokerage computers allow customers to make the unauthorized sell order, I donât know, but they do, so youâll have to keep this rule in mind if you dabble with quick trading.
Hereâs a tip to keep in mind: food is the most valuable item in the world.
Good luck.
Jesus is Lord. |
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stampy
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Burcon, I have a biased because I own it
Current price per share $10.10 (at 52 week high)
Check out www.TheMapleInvestor.com it will help you out the rest of 2008 |
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Black Elk
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Gold |
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Formerly known as Frank Castle
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Yahoo! |
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Common Sense
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You want investing advise from strangers, whose qualifications and motives can never be known.
Good luck with that!
BTW: I have a bridge I want to sell you and a great horse to bet on. |
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lalarryw
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you should stick to index funds or etfs. And if you want to be on the risky side you could put it in an etf of emerging markets imo either the entire emerging markets with the vanguard emerging markets etf (symbol vwo) or emerging asia spdr etf (ticker gmf) |
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Swaminathan P
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you are willing to take risk
Day trading will give you excellent return (also plunge you below earth)
follow technical analysis (use search engines Yahoo, Google, MSN - they give you reliable sites links) - play with arbitrage - F&O with support of put and call option) - return will be excellent - with affordable fall (fall can be checked ) |
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