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Advise, Take it or leave it

RosieRosie Member Posts: 14,525 ✭✭✭
edited July 2002 in General Discussion
There is a huge stock sale going on right now and if you are in your twentys or thirtys rake up all the money you can and BUY! Be sure it is money you can invest and forget because I'm talking long term. You must invest and just forget it and depending on how much you invest twenty years from now you will be a rich person. I don't joke about love or money. Rosie
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Comments

  • squeakycsqueakyc Member Posts: 204 ✭✭✭
    edited November -1
    What might you be advising people to buy as an investment? I will assume it's weapons but a little more information would be needed before I would consider it.
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  • RembrandtRembrandt Member Posts: 4,486 ✭✭
    edited November -1
    I've been buying energy related and defense contractor stocks lately, if we take on Saddam...oil prices are sure to rise and there should be a good demand for armament. Rosie's right.....the bottom won't get much lower (I hope)....no where to go but up.
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  • timberbeasttimberbeast Member Posts: 1,738 ✭✭
    edited November -1
    Heya, Rosie!! I just got promoted to "debug/program prove out" at my new place. How the heck can I get out of there now to go and work in the woods???? AAAAA!!!!!!
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  • offerorofferor Member Posts: 8,625 ✭✭
    edited November -1
    Rosie --
    I agree of course. Probably the very best course is to diversify -- either buy a large number of different stocks you like, or buy low to medium risk stock investment funds (which is the same kind of thing but the companies in the group have been picked for you by 'experts'). Everything has somewhat depressed prices right now, and if you buy into a fund you won't get burned if one or two turn sour or don't survive. The majority are going to make a big come-back long term, and your money will grow. Rosie is right as rain.

    The only challenge is that you need to go to a stock broker who will let you buy into a fund directly without charging you too much for the privilege, not one of those "Let us set up a plan A or plan B for you" guys, because they'll take too much of your money, especially in the first 2 or 3 years. Ask around before jumping in. And don't wait until the market goes back up to 10,000 to make up your mind. The money Rosie is talking about is to be made NOW, while the Dow's at 8,000.

    - Life NRA Member
    "If cowardly & dishonorable men shoot unarmed men with army guns, the evil must be prevented by the penitentiary...and not by general deprivation of constitutional privilege." - Arkansas Supreme Court, 1878
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  • pickenuppickenup Member Posts: 22,844 ✭✭✭✭
    edited November -1
    Safest way; funds and diversify. Look for a "no load" fund, they don't charge you.Historically the market has always came back and then some, (so far). Here is an example of what would have happened if you were long in the market with Walmart.If you would have bought 100 shares July 25 1980 @ $42.00 (closing price that day) your cost (then) would be $4,200.00. Since then they have split 8 times. 2 for 1 splits. That would give you 25,600 shares now, @ close today of $47.00 that would be $1,203,200.00.If you would have bought the same 100 shares 10 years earlier, they split 2 times before that. The results; shares 102,400 @ $47.00 = $4,812,800.00. If you would have sold it a few monthes ago when it was $63.00 = $6,451,200.00I am not saying Walmart stock is worth buying, or even shopping in at this time. Just past history. There are other companys that have done better, and a lot have done worse. This is just an example.I am crying in my soup. LOL. See my tag line.I am not advocating this stock, but I have been watching a little company named Lifepoint (LFP). It will probably not open the doors for retirement, but it (might) do OK? over the long run.LifePoint, Inc. is a medical technology company that has designed, is manufacturing, and will shortly be marketing, the IMPACTTM Test System, a rapid diagnostic testing, screening, and therapeutic drug monitoring device for use in the workplace, home health care, ambulances, pharmacies and law enforcement. LifePoint is focused on the commercialization of the flow immunosensor technology licensed from the United States Navy. The first product being commercialized is for the simultaneous detection of drugs abuse and alcohol, the market for which is estimated to be over $1.6 billion by 2002.

    If I knew then, what I know now.
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  • timberbeasttimberbeast Member Posts: 1,738 ✭✭
    edited November -1
    pickenup: What if you would have stuck one thousand dollars in Harley-Davidson in 1975 and pulled it in 1994? :):):)
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