2006-09-20 01:05:39 · 3 answers · asked by Narayan K 1 in Business & Finance ➔ Other - Business & Finance
Unless you are going to watch your stocks daily and take an active role in your financial management, buy mutual funds. Those people that give you advice, see if they are rich, if they are, they are onto something. Good luck!
2006-09-20 01:10:06 · answer #1 · answered by hirebookkeeper 6 · 0⤊ 0⤋
Individual stock choices are up to each persons' opinion and opinions are like a$$holes, everyone has one. First, do research on companies in industries that you think will be successful use yahoo finance to find what companies are in what industries then look at their audited financial statements, their annual reports and their stock price and dividend history. I know this sound really boring but that is how professional traders actually do it. They assign one person to become an expert on the companies in one industry and that is all the person does all the time. You wouldn't expect to show up to a New York Yankees practice and expect to make the team and be successful without preparing mentally and physically for it.
If you don't understand what a company does or what something means and you can't find the answer then just don't buy into that company. Warren Buffett has always said that.
If you are looking for an easy long term strategy then pick companies that you feel will still be viable many years into the future like Microsoft, Fedex, Apple Computer, Dell, Google.
Mutual funds may be easier for someone without the time or financial expertise to understand and deal with but they may not make mcuh more money than an individual person who has done some research and has diversified across 20-30 different stocks in a few different industries.
2006-09-20 03:34:23 · answer #2 · answered by Matt M 5 · 0⤊ 0⤋
Apple computer, you can't go wrong. Look for companies involved in military building also.
2006-09-20 01:10:30 · answer #3 · answered by messtograves 5 · 0⤊ 0⤋