2006-06-22 11:48:07 · 5 answers · asked by justsearching 1 in Business & Finance ➔ Personal Finance
Yuck. Do your homework. Lucent is too volitile to be considered. Also, we have some Lucent products and the customer service is horrible. I have always said I would never own stock in a company that I have had poor customer service from.
Look at Sirius Satellite radio. I think it is emerging and satellite radio popularity is growing. After purchasing a satellite radio about 4 years ago, I decided to buy their stock. I like Nike too.
One of the other poster said buy some mutual funds and I agree with them. Mutual funds are professionally managed and your risk is spread over a lot of stocks. So, if a few go down, the odds are that most of the other will go up. I like the Investment Company of America which is in the American Funds Family.
2006-06-22 15:35:39 · answer #1 · answered by atmjay 3 · 0⤊ 1⤋
Lucent is highly volatile. I bought some last year at $2.74/share, sold it at around $3.29/share about 6 months later, and today it closed at $2.42/share.
Most technology and pharmaceutical companies do not pay dividends because any extra cash they have is put back into research and development.
I do not agree with the other answer about buying an index fund.
Investing in stocks can be very exciting and you can learn alot about how companies work.
Warning: Never invest more in a stock than you can afford to loose. The stock market naturally goes up and down. It is just as important to judge when to sell a stock as it is to judge whether or not to buy a stock.
Good Luck!
2006-06-22 12:10:11 · answer #2 · answered by ps2754 5 · 0⤊ 0⤋
No, it's not, why buy stocks? Go with a mutual fund like the Vanguard S&P 500 index fund.
2006-06-22 11:51:33 · answer #3 · answered by Saskia 2 · 0⤊ 0⤋
lucent is good... now is a good time to buy too cuz stocks are low. what you have to worry about is the PE ratio and if they have revenues. how are their cashflows...
2006-06-22 12:22:35 · answer #4 · answered by Anonymous · 0⤊ 0⤋
EMC2 corp is a good company to invest in if your wanting to get into a technology investing.
2006-06-22 11:52:19 · answer #5 · answered by Anonymous · 0⤊ 0⤋