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So...I've got some money in a silly Scottrade account and need to decide what to buy.
Maybe it's bad form, but I have no idea what stock to buy so I though I'd round up some pointers here.
It seems that the market's really low and hopefully I can buy something (we're talking about a very small amount of money here) that will do good when things turn around.
Any body have any favorites? I've got moral limitations to what I will and won't invest in, but am open to suggestion.
Thanks, Clem
Look at Ford. My Father was playing around with some money and made a nice little profit within the last month or so.
Not telling you what to invest in, just suggesting that you take a look.
Look at Sprint.
It typically has been a poor performer and prices are low. Earnings announcement planned for May 7th and best guesses are that they beat expectations (which should provide a nice bump.)
Take the bump and get out quick after that. The price is in the $4 range right now. The bump will likely take it to $5 (breifly.) Take the 25% increase and get out.
Or, I could be completly wrong.
This is not advice.
I wouldn't touch Sprint.
I'd look at Apple, but I don't think it's a particularly good value right now, especially after the jump yesterday and today.
I think JFX might be right. I think Ford might be a good bet.
Take a quick look at the Yahoo homepage, it says that Ford shares surged 17%, based on better than expected results.
*EDIT....people want/need Ford and GM to succeed...personally, I'm on the fence with Chrysler, mainly because I don't know what the hell their game plan is supposed to be.
Are there any big concrete companies? Margie and the Obama plan should be pushing the RediMix stock up.
Index fund.. don't buy stock.
In bogle we trust.
Or..
http://www.google.com/finance?q=NYSE%3AVTI
purchase VTI an ETF..
ETF's and index funds are a much better shot in the long run.
John Brown wrote:Are there any big concrete companies? Margie and the Obama plan should be pushing the RediMix stock up.
cemex
BEER, seriously
Ohh sorry for like the Triple post:
but I do my looking into stocks here http://caps.fool.com/
It's like a rating forum for stocks by individual investors.
Ford.
Guns and companies that make them.
Anyone else find it amusing that Harley Davidson stock is worth more than GM or Ford? A company that has been so deep in the hole it was near complete collapse, has had a reputation for building bikes that break down, and generally get ragged on by most of the rest of the biking population as a "poser" bike.
curtis wrote:Guns and companies that make them.
dumb..
when obama bans them they will go down hard.
and I worked for Remington Arms.. I can say without a doubt Gun companies are a horrible investment. They are run poorly and have archaic manufacturing processes.
Construction companies, specifically highway. They're sucking wind right hard now. A chunk of stimulus money is coming in to infrastructure, so these guys may get a chance to breathe in the short term and in the long term, we're always gonna need roads and bridges and the people to build them.
Heavy equipment rental companies are hurting right now as well. Wagner Rents - a southwest Cat renter - has acres and acres of machines just sitting. If they're publicly traded, they're going to be pretty damn low right now. But they'll come back.
Lowe's or Home Depot. Even when the economy sucks, people still fix up houses and do general construction work. If I were a gambler, I'd go with GM. You have to figure they'll bounce back. The GM stock right now has to be really low, and most likely nowhere to go but back up.
thats why i said it because people are likely to start buyin them up as it gets closer to him actually banning them. So buy and before it tanks sell sell sell.
I have a buddy who opened up a gun shop recently, and he is banking right now. I dont know for how much longer but hes taking advantage of the situation thats for sure.
Ford, for a long-term investment. Or wait until GM's bankruptcy blows over--they'll eventually come out of this lean and mighty.
Alcohol, cigarettes, porn, and all supporting products. 
Buy a Series I Jag XKE. You won't lose money, and you can drive it!
Drugs. They sell really well. They won't lose value if they sit around. You have a ready market.
Like Chris Rock said "No drug dealer ever looked around his house, at all these drugs, and said 'How am I going to get rid if ALL THIS?' "
Be a true capitalist. Like Fi'ty Cent Yo.
Xceler8x wrote:Like Chris Rock said "No drug dealer ever looked around his house, at all these drugs, and said 'How am I going to get rid if ALL THIS?' "
I beg to differ..
he does when the cops are on his doorstep
Unemployment breeds alcoholism....beer ......and drugs but they are harder to invest in
Hmmm...
I could invest in beer. PBR (Pabst Blue Ribbon) is really making a comeback. Not sure if they're public.
I think I missed the boat on Ford by a long shot. Should've gotten in there.
I'm leary about the "too big to fail" stuff right now. I worked for Federal Mogul when they filed chapter 11 (iirc it was 11) several years back. I bought a bunch of stock thinking it would go up and it went down to something like 25 cents. D'oh!
Thanks for all the discussion folks. I appreciate it and have something to build on now.
Clem
Look into penny stocks. Something that you could buy in the morning, and sell it with 5-10% gain on the same day. With the market the way it is, don't bother with long term investment. I'm no expert by any means, as I have no schooling in this subject. However, I did quite working about 6 months ago and live happily on my new lazy income.
