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I'm going to buy $5000 stocks

W

welst10

Platinum Member
Inspired by the stock threads, I have decided to buy $5K stocks instead of leaving them in ING in the following 2 weeks. Here is the strategy I'm thinking: buy 3-5 stocks in at least 3 industries (1-2 stocks in each industry). One of the industries is definitely pharmaceutical (which I'm in). But I have no idea about other industries.

So any recommendation of good industres and good stocks to buy?

EDIT: I can hold them for at least several years (5 yrs or more).

EDIT: I'm talking about individual stocks, not index funds. I already bought some funds.
 
Originally posted by: welst10
Inspired by the stock threads, I have decided to buy $5K stocks instead of leaving them in ING in the following 2 weeks. Here is the strategy I'm thinking: buy 3-5 stocks in at least 3 industries (1-2 stocks in each industry). One of the industries is definitely pharmaceutical (which I'm in). But I have no idea about other industries.

So any recommendation of good industres and good stocks to buy?
Click to expand...

I think talking to a stock broker is a better idea than asking for ideas from ATOT.
 
Originally posted by: KLin
Originally posted by: welst10
Inspired by the stock threads, I have decided to buy $5K stocks instead of leaving them in ING in the following 2 weeks. Here is the strategy I'm thinking: buy 3-5 stocks in at least 3 industries (1-2 stocks in each industry). One of the industries is definitely pharmaceutical (which I'm in). But I have no idea about other industries.

So any recommendation of good industres and good stocks to buy?
Click to expand...

I think talking to a stock broker is a better idea than asking for ideas from ATOT.
Click to expand...

But I am trading on scottrade. Stock broker charges a big fee, right?
 
For the long term:

After the recent recall of Merck's Vioxx, I wouldn't call any pharmaceuticals safe. The "safest" may be Pfizer at this point.

GE is not a flashy stock, but good recent earnings and a decent dividend. It might be considered a "safe" pick (if there really is such a thing).

However, as KLin said, you'd probably be better off with a trusted stock broker (if they exist).

Edit: I have my account with Scottrade as well, so I do my own research. After getting screwed by Morgan Stanley (I later found out their recommended picks were stocks for which they were the underwriter), I decided my research could only be better than their biased picks.
 
Can't go wrong with an index fund, try SPY, QQQ , others have had luck with VFINX from Vanguard.
 
Definitely risky, but Sirius radio could see a big jump over the next few years.

Howard Stern is moving over, and stock price is already on the rise. Might be something to look into.
 
Originally posted by: KEV1N
Can't go wrong with an index fund, try SPY, QQQ , others have had luck with VFINX from Vanguard.
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Tell that to years 2000 to late 2002 😉

However, in general, the index funds are the "safest" for those who don't have the time to research individual stocks.

 
Originally posted by: MisfitsFiend
I read it as $5000 SOCKS...I figured it was worth a read...stocks not as exciting as socks...🙂
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LOL that's the same reason I entered into this thread!
 
There's only one individual stock that I would consider investing in. Berkshire Hathaway. Any others and I would be gambling on them.
 
Why bother asking for stock tips online? Just send me your 5K and I will fly down to kick you in the nuts.
 
Originally posted by: Hankerton
Definitely risky, but Sirius radio could see a big jump over the next few years.

Howard Stern is moving over, and stock price is already on the rise. Might be something to look into.
Click to expand...

Will Sirius be able to grab enough new subscribers to pay for Stern?

Might as well buy XM stock now, since they will probably buy out Sirius.
 
I think you need to think about what risk level you are comfortable with. Would you rather possibly make a 15% return, but with a 20% chance of losing all your money, or a 7% return, with a 7% chance of losing all your money. Once you know that, then you can look at what sort of stocks to buy, although unfortunately, $5000 really isn't enough to diversify that risk around different markets.
 
Originally posted by: KEV1N
Originally posted by: Hankerton
Definitely risky, but Sirius radio could see a big jump over the next few years.

Howard Stern is moving over, and stock price is already on the rise. Might be something to look into.
Click to expand...

Will Sirius be able to grab enough new subscribers to pay for Stern?

Might as well buy XM stock now, since they will probably buy out Sirius.
Click to expand...

hm you dont really know the stock market do you?
 
Originally posted by: BaboonGuy
Originally posted by: KEV1N
Originally posted by: Hankerton
Definitely risky, but Sirius radio could see a big jump over the next few years.

Howard Stern is moving over, and stock price is already on the rise. Might be something to look into.
Click to expand...

Will Sirius be able to grab enough new subscribers to pay for Stern?

Might as well buy XM stock now, since they will probably buy out Sirius.
Click to expand...

hm you dont really know the stock market do you?
Click to expand...

Who are you talking to, me or Kev1n?
 
Originally posted by: Pokey007
I think you need to think about what risk level you are comfortable with. Would you rather possibly make a 15% return, but with a 20% chance of losing all your money, or a 7% return, with a 7% chance of losing all your money. Once you know that, then you can look at what sort of stocks to buy, although unfortunately, $5000 really isn't enough to diversify that risk around different markets.
Click to expand...

Well, I am looking into growth (>15% annual return). $5K is not much, I am just playing with it since I've never bought stocks before (I only bought some mutual funds last year). If I loose teh $5K in 5 yrs, it wont be a big problem. I plan to buy more stocks in the future.
 
Originally posted by: Hankerton
Originally posted by: BaboonGuy
Originally posted by: KEV1N
Originally posted by: Hankerton
Definitely risky, but Sirius radio could see a big jump over the next few years.

Howard Stern is moving over, and stock price is already on the rise. Might be something to look into.
Click to expand...

Will Sirius be able to grab enough new subscribers to pay for Stern?

Might as well buy XM stock now, since they will probably buy out Sirius.
Click to expand...

hm you dont really know the stock market do you?
Click to expand...

Who are you talking to, me or Kev1n?
Click to expand...

Kev1n duhhh
 
i have pfizer

I've had it since 1998 i think. I got in around 80, jumped to 140 or so when viagra came out. got a 3-1 split. Now its around $30. Its survived every hard hit to the market. its always been steady at 30. So it safe in the the sense that its not going anywhere and wont go down anytime soon.

I sold some shares and bought Bank of New York. I head something about them doing something big with an investment company back in march. Hasnt happened yet, but its only down a couple of bucks from when i bought it.

I'm definitly getting in Sirius stock.
 
Originally posted by: Goth

After the recent recall of Merck's Vioxx, I wouldn't call any pharmaceuticals safe. The "safest" may be Pfizer at this point.
Click to expand...

quite on the contrary, I believe MRK is a good buy (not now, but about a month later or so, and good to keep for less than a year.) My reason is basically "It can't go any worse." Such contrarian strategy was successful for most part of my investing "career" (so-called) until I lost almost everything when I "put all eggs in one basket"
 
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