Than Keeping House
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!
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.
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.
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.