What is the best stock to invest in for 2008?

Question

What are your number 2 and 3 picks for 2008?

Answer 1

Congratulations. You've asked the most common question a new investor would ask at this time. Following the advise of strangers, whose qualifications and motives can never be known, will lead you to disaster.

It's called "investing"... not gambling.

Consider yourself warned.

Answer 2

I strongly believe in GS, Goldman Sachs, though others might feel differently. This is a solid company with its fingers in everybody's business. It's sort of like buying a mutual fund without the fees.

I also agree with Alex that oil is a good buy, like XOM or CVX, or COP, or even BP. I'm not really sure which would be best, however my favorite of those is CVX.

Gold might be a really good buy too, but I am not familiar enough with gold prices, except that I read that when the economy goes down, people flock to gold, since it holds its value or something like that.

Personally, I like IMKTA, just because I know what they are up to. And their stock is too depressed right now, and can only go up.......I think! Analysts don't cover this stock though, which baffles me, as it is a major regional grocery chain. I own this one.

I also own BBBY, which I also don't understand why it's down, so I also think it is going to go up quite well over the next month maybe.

I don't believe any owned stocks at all should be kept without constant reviewing for possible sale.

I also strongly agree with the answerer, "Common Sense" that the path of going by what yahoo answerers say is fraught with danger. I recently asked a question of which stocks among about 12 or so high dividend stocks would be best to buy. I got all kinds of answers. I kept a record of how they have performed so far, and none of them have done well.

However, you might be like me in that you are only asking this question for some opinions and would never buy based upon these answers alone. I certainly hope you don't.

My favorite answer to the question I posed was where one guy picked out 3 stocks and said I would love him for it if I bought them. I didnt' buy them, and I watched them go down and down, with the rest.

If I had a job right now, I would probably put my money into a rental house nearby rather than into the market. But I like trading stocks and have made it my living. So, I am willing to do this rather than get a job or live off some rental property, since up until now I have been able to get a much greater return on my money trading rather than in real estate. BUT!, the market is going to get VERY weird for at least the next few months to a year or even more. It's not like it was for the past few years!

Answer 3

I'm wondering if (1) POTash still has a long run ahead. (Or AGU if POT is too pricey). Similarly, (2) TRA (Terra Industries) and (3) MONsanto. Check 'em out.

CVI is a more inexpensive (and regionally-limited) company that is in the same neighborhood, by the way.

Some people, however, think that we ought to invest with a broader brush. So if that is more your interest, check out these three: EWC, MXI, and EPP.

Answer 4

Be careful. The value of the dollar will continue to fall for at least the next year or two. You don't want to be invested in companies that will suffer from that.

A safe bet is gold. Look at GLD and IAU.

Another good idea is commodities where world demand continues to grow. Look at RJA, DBA and DJP.

China and those that supply China is another profitable area. Look at EWH, FXI and PGJ.

Answer 5

I like Anadigics (ANAD). They deal with all the semi conductors of the big cell phones. Should be a good company the next couple of years.

Answer 6

Good Question!!

Answer 7

FSLR