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Looking for a little advice - if you had $500 (that you could afford to play with - not that I do, just curious), what stocks would you purchase right now?
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Bob Melvin is an idiot. Period.
Well, in truth I'm actually not a total hawk, but I'm not a dove either -- I'm more like an angry pigeon flying over the political arena after a really big meal. -Abba Gav
I wouldn't go into cars for anything. I'd pick up some GE while it's down, maybe.
__________________ Hoping for Audacity
Well, in truth I'm actually not a total hawk, but I'm not a dove either -- I'm more like an angry pigeon flying over the political arena after a really big meal. -Abba Gav
Ford Motor Company. It's been hovering around $2 a share for a while.
General Motors would also be a safe bet, it's around $5 a share.
I don't know about that. The car cos. are basically owned by the bondholders and the common stock could be wiped out without them missing a beat. They're going to be one of the other shoes left to drop.
Here's a suggestion for money that you promise not to touch for 10 years. DDR-PH, which are Preferred shares of a REIT that owns mid-sized shopping centers anchored by generally one big box type user like Best Buy, or Lowe's. The stock is trading around $6-7 dollars a share and pays a whopping 28% dividend. For over 5 years this has traded around $24 a share with very little fluctuation in price. The Preferred shares are first in line to get paid and if there isn't enough cash to pay out the dividend, then it accrues as opposed to being lost. The danger is that the company goes belly up, but this has been one of the best run, conservative REITS I've invested in, so I don't think that it will disappear. Of course, if we are truly in a Depression, Shopping Centers are going to have very high vacancies and thus the danger.
That being said, in today's market, perhaps the best way to make money is to not lose it and keep it under your mattress, right next to your gun.
Of course if Conrad is correct about runaway inflation, those dollars might not be worth much either, so perhaps you'ld be better off buying another gun to put next to your gun.
I don't know about that. The car cos. are basically owned by the bondholders and the common stock could be wiped out without them missing a beat. They're going to be one of the other shoes left to drop.
That being said, in today's market, perhaps the best way to make money is to not lose it and keep it under your mattress, right next to your gun.
Of course if Conrad is correct about runaway inflation, those dollars might not be worth much either, so perhaps you'ld be better off buying another gun to put next to your gun.
JTS
I approve this theory!!!
__________________ All Hell is breakin loose!!!!!
An unarmed person is a subject. An armed person is a citizen.
Yesterday a couple analysts said it is entirely possible -- maybe even likely -- that a couple of the major car companies will simply go into bankruptcy, and if consumers get scared enough/inflation booms, it won't just be US car makers -- that a complete implosion of the car markets is not a stretch.
__________________ Hoping for Audacity
Well, in truth I'm actually not a total hawk, but I'm not a dove either -- I'm more like an angry pigeon flying over the political arena after a really big meal. -Abba Gav
Probably the smart move is find out what I'm doing, and do the opposite.
I checked today my 401k is down 33K for the year, IRA 31K. 401K is 40% money market or it'd be much worse. I moved the IRA out of money market(100%) into the stock market a few months ago, it's down nearly 30% since then just brutal fall. it's in one of those managed stock funds Fidelity has you pick it based on your age and years to retirement.
I told Jeff this offline. Last week I was going to buy DUG at 42, I had been practice trading it for a few weeks after he and SWD mentioned it on the board(Dig and Dug). I was going to buy 2K of it but I chickened out, afraid OPEC would cut supplies.
DUG hit 85 today before closing just under 75. In theory I could have doubled my money in 6 days if I'd bought. Obviously I wouldn't have held to 85 but I would have made money for sure.
Like Bush I am the contra indicator in this market.
Moon Lander Champion!
All Hell is breakin loose!!!!!
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