1st time investing contained by stocks.?
Im 17 years old and I hold about $900 dollars save up, but I am a saver, so I want to put my money to work. I am eyeing General Electric and Country Wide stocks and im not sure which one to be in motion for, so which one would you go for?
Answers: I would be sleepy of both companies right now, but for different reason. First of all you are young at heart and looking at two companies that that don't have fundamental term growth potential. General Electric can be considered a "expediency trap" it looks nice and cheap with a solid dividend, but don't expect much out of this stock anytime soon, you may not lose money much money within GE, but I doubt you will get much of a gain within it for awhile. If you are looking for a similar company to GE take a look at EMR. Be aware that Countrywide have a lot of issues, mortal bought and possible more issues with the mortgages. There have to be a better stock out there to look at. If you want to purloin a look at some higher ability, beaten down financial stocks, I don`t know BAC or C would be a better long term growth play beside dividends...Ag stocks look good long possession (POT, MOS, TRA, AGU,MON) and I also think HON is pretty cheap. Just a few thinking...good luck.
Congratulations on your interest within the stock market and investing. You are heaps years ahead of other kids your age.
You are very youthful, so you should take a long occupancy approach to investing.
Look at all the suggestions given to you and ask your parents what they estimate, for they will have your best interest at heart.
Your first substitute should be to fund fully a retirement account, this is other a great initial investment.
If you have done this, or you want to wait on the retirement fund until you find a brief that you feel you will stay beside for many years, afterwards one of the best things you can do is open a DRIP Plan.
They are seldom talk about because brokers put together very little money when they suggest them. Yet, they hold proven to be one of the best, if not the best, long-term strategy on Wall Street.
The best piece is you get solid annual returns from famous, safe Blue Chip companies similar to: McDonalds, General Electric, Pfizer, Walmart, US Bancorp....etc..
They are inexpensive to start and maintain, and your dividends are reinvested for free.
They are surefire for small investors, as well as big investors. They are nontoxic and allow you to not care something like whether the market is going up or down.
Good Luck
yean close to one guy said u shud do funds for a little while u kno. after if u wanna buy shares u shud go for blue chip companies... they are similar to big time companies that u really cant lose too much money on... maybe apple is apt for u but it doznt look like u hav enuff money to buy alot of those shares... u shud other diversify ur portfolio so buy up shares for diff companies that are way beneath 100 bucks and u shud be seeing a profit and wont lose all ur money next to one company dropping
GE and Country wide are nice i approaching bank of america and apple but theres really no big loss because these are not soaring high glorious risk companies... like they wont die out over nit e... probably exxon is angelic too
General Electric.
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Answers: I would be sleepy of both companies right now, but for different reason. First of all you are young at heart and looking at two companies that that don't have fundamental term growth potential. General Electric can be considered a "expediency trap" it looks nice and cheap with a solid dividend, but don't expect much out of this stock anytime soon, you may not lose money much money within GE, but I doubt you will get much of a gain within it for awhile. If you are looking for a similar company to GE take a look at EMR. Be aware that Countrywide have a lot of issues, mortal bought and possible more issues with the mortgages. There have to be a better stock out there to look at. If you want to purloin a look at some higher ability, beaten down financial stocks, I don`t know BAC or C would be a better long term growth play beside dividends...Ag stocks look good long possession (POT, MOS, TRA, AGU,MON) and I also think HON is pretty cheap. Just a few thinking...good luck.
Congratulations on your interest within the stock market and investing. You are heaps years ahead of other kids your age.
You are very youthful, so you should take a long occupancy approach to investing.
Look at all the suggestions given to you and ask your parents what they estimate, for they will have your best interest at heart.
Your first substitute should be to fund fully a retirement account, this is other a great initial investment.
If you have done this, or you want to wait on the retirement fund until you find a brief that you feel you will stay beside for many years, afterwards one of the best things you can do is open a DRIP Plan.
They are seldom talk about because brokers put together very little money when they suggest them. Yet, they hold proven to be one of the best, if not the best, long-term strategy on Wall Street.
The best piece is you get solid annual returns from famous, safe Blue Chip companies similar to: McDonalds, General Electric, Pfizer, Walmart, US Bancorp....etc..
They are inexpensive to start and maintain, and your dividends are reinvested for free.
They are surefire for small investors, as well as big investors. They are nontoxic and allow you to not care something like whether the market is going up or down.
Good Luck
yean close to one guy said u shud do funds for a little while u kno. after if u wanna buy shares u shud go for blue chip companies... they are similar to big time companies that u really cant lose too much money on... maybe apple is apt for u but it doznt look like u hav enuff money to buy alot of those shares... u shud other diversify ur portfolio so buy up shares for diff companies that are way beneath 100 bucks and u shud be seeing a profit and wont lose all ur money next to one company dropping
GE and Country wide are nice i approaching bank of america and apple but theres really no big loss because these are not soaring high glorious risk companies... like they wont die out over nit e... probably exxon is angelic too
General Electric.