Investing in stocks...Play time!! - SRT Forums

**supermech21** · 08-08-2009, 06:48 PM

You have $1000 to play with, all your bills are payed, you have money in savings and the family is generally happy....How do you invest it?

I myself am looking at dividends and agressive growth. I still like ford, crox seems like they have fizzled out but at 5 and change im still curious...Those are just some thoughts from a amateur. I use morningstar and just review stocks im interested in. Id like to venture into green companies that actually have a prospective future as well as transportation companies that move conex's from country to country...

What are you guys considering diving in???

**supermech21** · 08-09-2009, 08:53 PM

No one invests here?

friend088 · 08-09-2009, 09:45 PM

I need to save money and pay off bills so I can have a down payment for a house next year.

**supermech21** · 08-10-2009, 03:35 PM

If you research AIG(i know, i know) but they used to be worth like 400 some odd and then split 1:20, and now there stupid cheap. Really considering it!

**mmenser** · 08-19-2009, 07:42 AM

Quote: Originally Posted by supermech21

If you research AIG(i know, i know) but they used to be worth like 400 some odd and then split 1:20, and now there stupid cheap. Really considering it!

You gotta keep in mind when the price goes down, so does the volume. When the volume on a stock drops too significantly, too quickly, it is almost like a new precedent for that stock and even as the volume rebuilds, the price will never be as high as it once was.

The area to get into is the companies who deal with overseas oil rigging repair. There are only about 3 of these companies, and until we no longer depend on foreign oil (HAHAHAHA yea right.... I like the sound of my V8 thank you very much) these companies will always have a good return.

Additionally, the SAFEST bet is a money market account. You know you will always get a return, and your money is always accessible. Now on 1k, I am not sure if you can find a carrier that will hold a 1k money market account. Returns right now on Money Markets are around 1%. They are almost dead even with CD rates right now. Ridiculous. i got out of the market a year ago, and since then I have had several money market accounts and 1 mutual fund. Good luck man!

porksword · 08-22-2009, 07:21 PM

I bought a bunch of Walgreens stock when the healthcare reform talk came along. I figure when the broke people all start getting health care for free they will be rushing to the doctor for anything. The doctors now days act like drug dealers and just start writing prescriptions for shit. Walgreens has the network in place that it could handle some major customers. The pharmacutical companies relly want this to happen as well, so I think I made a good choice.

I would say just from you being on this forum that your at the age that agressive is a pretty good idea. The older you get you need to become less and less agressive because you will need that money around when you retire. I got pretty lucky and was able to get out at 14,000, then I jumped back in at 6500. Im pulling back out (except for walgreens) at 10500 even though it might be a mistake.