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Selling some stock today...
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iversonyin
Diamond Member
Hindsight is always 20/20 😀
Wasn't hard to call this quarter's RIMM's earning. With their new lines of product and after fending off those stupid Canadians' lawsuits. They really set off a nice quarter.
Kudos to RIMM and their stockholders.
I think RIMM is too risky for OP. 6 mo's CD and rack in risk free interest is more like it. Ohh, one more tip...never pay/delay payment to 0% interest loan! Its FREE money!
BurnItDwn
Lifer
I agree with the others who are saying reinvest for the next 6 months and then pay the loan off.
Your safest bet is obviously a savings account or a 6 month CD or something of that nature.
If you can afford to take some risks, it may be worthwhile to consider a blue chip "buy and hold" type of stock.
I personally have several hundred shares of Wag, but the stock hasn't been performing very well the last few years (it's mostly been idle, then Walmart announced their cheap generics, then Wag dropped, now it's climbing back up. I bought another 100 shares on 11/27 for $40.10 each, it's back up to $45.96 currently.
Of course it's possible the stock may take another big hit before May, so there is indeed risk involved, however, I am hoping it goes up. A couple of splits would really help me 🙂
Look at what's out there, and decide what's best for you.
Your safest bet is obviously a savings account or a 6 month CD or something of that nature.
If you can afford to take some risks, it may be worthwhile to consider a blue chip "buy and hold" type of stock.
I personally have several hundred shares of Wag, but the stock hasn't been performing very well the last few years (it's mostly been idle, then Walmart announced their cheap generics, then Wag dropped, now it's climbing back up. I bought another 100 shares on 11/27 for $40.10 each, it's back up to $45.96 currently.
Of course it's possible the stock may take another big hit before May, so there is indeed risk involved, however, I am hoping it goes up. A couple of splits would really help me 🙂
Look at what's out there, and decide what's best for you.
crownjules
Diamond Member
First - Never take stock tip advice from ANYONE, not even your father or your best friend. You have no idea what kind of research they put into their "expert advice", if any. Are you really willing to put your money on the line on what might be someone jokingly giving you a suggestion?
That being said, if this $2000 represents paying the bill or not, then you should definitely not be investing it in anything risky. Stock trading/investing is pretty much gambling, and the number one rule of both is never gamble with money you can't afford to lose. Just stick it in a Citibank savings account where it'll earn you $50 over the next six months.
That being said, if this $2000 represents paying the bill or not, then you should definitely not be investing it in anything risky. Stock trading/investing is pretty much gambling, and the number one rule of both is never gamble with money you can't afford to lose. Just stick it in a Citibank savings account where it'll earn you $50 over the next six months.
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