SbUx......?

Question

I was contemplating buying Starbucks stock, because I like how it has consistently gone up over its history, and well I like the store itself, so could you give me some of y'all's opinions about how you feel about this? Is it a a good buy at...I think $38 something?

And I'm totally new to investing save for the mutual fund I started bout six months ago, so any help or pointers would be greatly appreciated. Thanks so much =]

Answer 1

starbucks has lost a lot because of competition from mickey d's and fron stagnant growth I wouln't touch subx right now.

Answer 2

Well, a good rule of investing is to buy the stocks of the products that you like. So, if you really like the store, and frequently go there, then you should buy the stock. The thinking here is that if SBUX stores start to slide, or you find some other place has better coffee, or SBUX raises their prices too high, then you will know when to sell.

I would also suggest the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks and/or mutual funds with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks compare against other investors. You can also posts on investing from the best investors, as well as create posts of your own investing thoughts.

Here are this month's best traders:

http://www.top10traders.com/ViewPortfolio.aspx?userID=5

Good luck.

Answer 3

Stick with a good mutual fund until you have enough to lose on a single stock. If starbucks goes the route of Cisco you would not have anything left