October 6, 2008

You gotta know when to hold 'em

Think of me as little miss silver lining, but what stock would you invest $1000 into right now? It seems to me like a darn good time to buy. I must have a bit of gamblin' blood in me.


  1. From what I understand, it's only going to get worse from here. I invested just a few months ago when things were already low, and I'm down $600 (down from up $700, actually, so do I say down $1300? Ouch). I've invested in Whole Foods, FTEK (clean coal), a baby medical tech company, Netgear, and an index fund. Nothing has kept its original price value. Bleh. I do believe in these companies still, which is why I haven't taken my money out. It's painful anyway. I read tons of motley fool to pick these stocks, and I really have no idea how they choose this stuff. I should have bought TTEK-- they're doing great!

  2. individual stocks are always risky. Do a socially responsible investment mutual fund that spreads it out, or better yet put it in a ING Direct CD with a guaranteed 5% return. They're a smart bank that hasn't been involved in all the scum and filth. That said, I think Patagonia is a pretty cool company that will probably do fine.

  3. Right now, if you had $1000 to burn in the stock market, you might want to consider anything to do with hard/precious metals or guns/ammo/emergency supply companies.

    But then again, I am just an economist and not a stock trader.

  4. If you're interested in gambling, pick a few stocks that represent the makers/owners of products that you and your friends use regularly and can't live without. Dedicate some, though not much money to those and watch what happens. Or, buy gold!!

    A much smarter move is just to find a mutual fund that appeals to you and diversify your portfolio as much as possible. However, most experts agree the market hasn't hit bottom yet, you might want to wait a little while longer before throwing in your dough.


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