Should I invest most of my money in MMM Stock?

Question

I want to put my entire savings into 3M MMM because I think this is a stock which can double within the next 3 to 5 years. Please tell me what you think

Answer 1

I think you should diversify any investments you make. There is no reason to put all available money in one stock, ever.

Answer 2

Well...a stock definitely CAN double within 3-5 years--OR it can lose half it's value or more, which is why you should never put all of your eggs in one basket. Diversify into several stocks from different sectors/categories in order to reduce risk. If you pick well (and that's a big "if"), you can still end up with a nice return.

Answer 3

You shouldn't invest most of your money in any one stock. Besides, Doubling a stock price in 3-5 years requires an average annual rate of return between 14 and 24%. Not gonna happen.

Diversify according to your objectives and risk tolerance, dollar cost average (buy shares gradually rather than dumping in large amounts), and rebalance once to twice a year.

Better yet, see a financial advisor or planner.



Addendum: With respect to LongArm, I did not mean to suggest that a stock couldn't double in the time frame suggested; just that that is extremely optimistic. And as we've seen in recent years, when dramatic rises occur, there is often an abrupt market correction in the other direction.

Answer 4

NEVER put all your money in any one stock.

You're only asking to lose your shirt.

What if there's a scandal involving the executives? Flush goes your savings.

Answer 5

I like Apple Inc. (aapl). its returned 13.5% since its inception.

Answer 6

no it is a wrong decision.diversify it.