I have 1,000 dollars and would like to invest in an individual stock? Whats a great starter stock?
2007-02-13 16:20:32 · 6 answers · asked by ? 3 in Business & Finance ➔ Investing
If you are young and looking to hold it long term, go with a blue chip or proven long term company. The value will go up and down, but over time, you will gain. With a company that's been around a while, you don't have to worry (much) about it disappearing. A lot of companies with stock today, like biotechs and internet companies, COULD pay off big, but also have a very high chance of being gone next year.
2007-02-13 16:29:27 · answer #1 · answered by Brian G 6 · 3⤊ 0⤋
I'd recomend dividing equally among 3 or more stocks. I also started with $1,000 last year and I chose Chevron (CVX) General Electric and Texas insturments (TXN)
2007-02-14 02:02:49 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Diversification..Invest evenly in 5 stocks in different sectors.
2007-02-14 00:23:46 · answer #3 · answered by Arnold 4 · 0⤊ 0⤋
I'd buy at least 10 shares of Disney because they have Disney characters on there stock certificates!
2007-02-14 00:26:28 · answer #4 · answered by kattsmeow 7 · 0⤊ 1⤋
i asked my dad to buy $1000 google for me when it first came on the market at 10$, he laughed and told me i knew nothin about stocks.... now its past 500
2007-02-14 00:29:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
General Electric. It is a well run company, involved in so many businesses that it is practically a mutual fund all by itself. (Disclosure: I own some.)
2007-02-14 00:27:34 · answer #6 · answered by Anonymous · 0⤊ 0⤋