Think its a good time to buy stocks like apple, berkshire a, pg, ma?
2007-12-18 04:55:14 · 7 answers · asked by abc123 3 in Business & Finance ➔ Investing
As with all investments, buy cheap, sell high.
good luck
2007-12-18 05:02:51 · answer #1 · answered by Jan Luv 7 · 0⤊ 0⤋
Personally I believe if you follow a few sensible rules that a quality stock CAN be had at this time of a market slump.
First, don't do anything foolish like margin calls now.
Second, don't invest more than you can afford to lose (as in don't clear out savings or cut into contributions such that your mortgage or rent or such is threatened. No one WANTS to lose money, but there IS always risk in the market.)
Third, know what you are doing. I don't think it's good enough to just hire a broker or adviser. If you don't know the basics, you can lose your shirt.
To that end, if you don't know what you're doing, I'd suggest:
Fox block from 10 a.m. - 12 noon Saturdays EST--watch how actual rich guys who are experts disagree constantly.
Read appropriate mags: Forbes, Fortune, Smart Money, Inc, Fast Company, and more are good ones.
Read appropriate books. For an overall grounding and to serve as a reference, I recommend
Your Money Rules for Financial Freedom by Michael J Laurence
Also Suze Orman books are solid, and I'd recommend:
The 9 Steps to Financial Freedom
The Road to Wealth
I also believe Elizabeth Warren's All Your Worth is worth the read.
For more on the stock market, I think Mary Buffett's The New Buffettology is very useful.
To benefit from that book, you should know some basics of how the market works first though.
Remember also that if you do NOT earn a dividend (Berkshire never gives one for example) that your money is IN the market until you sell. With a dividend, you can get some more money to reinvest or for expenses, so you may want to incorporate at least some dividend payers in there.
2007-12-18 05:03:35 · answer #2 · answered by heyteach 6 · 0⤊ 0⤋
Buy apple today, and most likely you will make money Berkshire-A and Berkshire B- SELL NOW SELL SELL SELL. Do not buy BERKSHIRE its going to go down, proctor and gamble shows its about to have a big fall mastercard looks like its about to go down. Don't buy stocks right now the market is very risky and unstable, 1 wrong move could cause a huge loss but 1 good move could make you fortunes. Buying Berkshire and hathaway is one of the worst decisions you could make in your entire life, if you are willing to loose 4000 dollars a day feel free to buy it. Microsoft is doing okay, HES and oil companies are likely to go higher so buy RIG. watch macys it looks like its about to get some money in, dont buy it yet tho. Good luck.
2007-12-18 07:09:17 · answer #3 · answered by the s0urce 3 · 0⤊ 2⤋
Apple is high, Berkshire has risen about $2K per share since this time last year...choose carefully, we are in a very volatile market.
2007-12-18 05:03:20 · answer #4 · answered by MadforMAC 7 · 1⤊ 0⤋
Now is the time to look into the possibility of purchase, but not just yet as the credit/home problems haven't hit peak yet. At that point, then consider what has been so down and out. Some of your names now are too high. Study now, and hang loose for the time to jump in, maybe in spring.
2007-12-18 04:59:38 · answer #5 · answered by Mr. Prefect 6 · 0⤊ 0⤋
Yes, it is almost always a good time to buy if you do not buy all at once. Use weakness in stocks to buy more.
2007-12-18 04:59:26 · answer #6 · answered by Protege 1 · 1⤊ 0⤋
I'd wait to see how the economy shakes out. Energy is keeping my returns up OXY, HES, MRO, SUN, KWK, SWN.
2007-12-18 07:07:02 · answer #7 · answered by crim 3 · 0⤊ 0⤋