What would be some really good stocks for me to buy now that I have a good chance in making some money off of and not losing any or much at all? I was thinking like Microsoft, Duke Power, Honda, ect
2007-01-05 22:34:30 · 5 answers · asked by Josh 1 in Business & Finance ➔ Investing
Your thinking is along the correct lines. However, when investing there is always the possibility of loosing money, even with MSFT. There are a lot of people who have lost money investing in it. If you really want to minimize the probability of loosing money, you want to invest in a more diversified selection of companies. That way one mistake or even 3 mistakes may not ruin your overall return. That is where mutual funds and index funds come in handy. They provide you diversity with a relatively small investment.
Be aware that there is much concern at the moment that the economy is getting ready to slow down, actually is slowing down. That is not a good climate for not loosing money on investments.
Many of the large cap stocks such as MSFT are selling at some of the lowest evaluations they have sold at in many years. GE, JNJ, MMM, LOW, BAC, and many others. If you do not mind the possibility of loosing 25% of your investment this year, a relatively worst scenario, one of those companies should be a good long term investment.
Index funds to consider are SPY, EFA, VTI.
2007-01-05 22:54:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you don't own stocks now, consider investing in mutual funds. In that way, you can own stocks and leave the stock picking to the experts.
I suggest starting with an S & P 500 index fund. According to the latest AARP magazine, only 30% of mutual fund managers beat the S & P averages. Because Standard and Poors are constantly adjusting their mix, mutual fund managers have little work to do, and consequently the mutual fund fees are the lowest.
No one can predict the future. Right now the S & P average is at 1410. If it is over 1220 by the end of 2007, I will be surprised. I am anticipating a correction in the markets.
2007-01-05 22:41:20 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
AAPL.. Apple computer...coming out with new products this week ...should send prices up for 3 or 4 months at least.
TM .. Toyota...so far ahead of U.S. automakers at figuring out what the customer wants...going to be No.1 automaker in the world sometime this year!
MXE...an ETF focusing on Mex/Lat Amer. growth,growth,growth
2007-01-06 19:01:04 · answer #3 · answered by jebediabartlett 6 · 0⤊ 0⤋
good idea you have there!
see which one is the best and buy a share of stock.
2007-01-05 22:37:29 · answer #4 · answered by Anonymous · 0⤊ 0⤋
chech ur stock on chart with buy sell signal on
aptistock freeware
2007-01-06 05:33:23 · answer #5 · answered by dinu_pawar 5 · 0⤊ 0⤋