Stock Market Killing Me.............Help???

Question

Im Desperate ....Good stock anyone i can buy today ....have $10,000 to invest.........

Answer 1

My favorite stock is ENER. But I would also suggest you see what the best investors are buying and selling at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

Answer 2

If you're 'desperate', then don't buy anything! That attitude will simply lose you money especially in the present bear market.

If you must buy something, then you have to decide what type of investor you are and the level of aggressiveness of the portfolio you want to acquire. Since the market is falling generally, I'd advice purchasing a stock that's usually trustworthy, even though it may be falling in the short term. The usual Fortune 500s are always a good bet. I had KBR as a great pick a few days ago and made some money. [Halliburton, the parent is moving overseas - can only add to the value of KBR.]

With $10,000, it may be wise to invest in an index or in mutual funds. If you have MSN Money, look through the fund picks and see if any average growth fund interests you. Finally, note that you have to do the work yourself. No matter how much the professionals think they know, they're scarcely more able to predict the trends of the market than your gut feeling. And, think mid-long term purchases. Short term buys only seem to bring grief!

Answer 3

I have 2 winners that are still up big on the year even with the recent market troubles:

First is Siliconware Technologies (SPIL), they are a microchip manufacturer out of Taiwan. Sales and growth number continue to roll in despite the shaky Asian markets. I bought last February at $6.50/share and it is up 40% since then holding strong at $9.20 and change.

Second is Quantas Services (PWR), these guys build and re-build company infrastructures. These guys made a killing when Katrina struck the South. It is a bargain at $23/share. They are worldwide leaders and are still a young company with plenty of growth potential.

I would split the $10K among these two stocks and watch it turn into $15K by next year at this time. Good luck!

Answer 4

If you invest your 10k today, tomarrow it may be worth only 9k. Sit tight. Wait for the dust to settle. Then among the rubble there may be a few choice tid bits to invest in.

Answer 5

Buy a mutual fund or index.

Pick one that has the asset allocation that mirrors your needs.

You don't say what you need so figure that out first then call a broker and ask for mutual funds that deliver it...a good one will drill you on your goals to begin with.

Answer 6

I have a cousin that works for Martha Stewart,Would you like a stock pick from her? Send me a e-mail and Ill hook you up.

Answer 7

Why not slow down and learn how to trade with some professional traders. Our professional traders offer training and our firm offers leverage and an incredible trading platform. Check out our website, www.rematatrading.com and let me know if you would like to trade with us.

Answer 8

It might not be too late to get into Apple computers!