Real Estate Investor · Atlantic , IA · Member since 2008 · 78 posts · 1 vote
I am throwing some $ into the market (not much) but just curious on what you guys are buying right now.
I am only throwing $500 in an AmeriTrade account - just wanting to know suggestions.
I thought about going off the cart and buying GM, Winnebago and maybe some Harley. But a firend that does this for a living is saying Verizon, Exxon-Mobile.
Thoughts
I'd look for companies that do prepaid debit cards with VISA and MC logos. The sheep were moved to a cashless society and then the credit well was dried up. They're used to using a card and will gladly pay a fee to convert cash into fake credit because they need the VISA / MC logo to continue to do business.
I have been buying ENS -Enersystems. The company is a world leader in the industrial batteries business. also, they have been buying up competition while maintining a strong balance sheet i.e. low debt. This stock is priced at $10 per share I predict $52 in 5 years. later......... :idea:
I bought Ford(F), Bank of America (BAC), Sirius(SIRI), Citigroup(C), Fannie Mae(FNM), Freddie Mac(FRE), and AIG back in March 09 (around the time of the Bail Out)and have seen about a 150% return so far..........
Lehman Bros. might actully be a good suggestion, gettin in for just a dime a share, if it goes to .11 your up 10%, this can happen in no time at all.. id say its actually a good pick.
With only $500 I wouldnt open a TDA account, I'd look into a simpler trading platform with cheaper prices, I'd suggest Zecco.
For monday the 29th I'd suggest SNSS.. its .89 right now.. almost a guarantee 10% for the day.. good luck! :)
and if SNSS is too cheap you for.. my second vote is MILL.. at $5.28..
-Scott
It's such a gamble. I like biotechs and health care related companies. I hold for a few years even when they dip. Last year I sold a stock for $80 a share and it cost me $30 something a share when I bought. I got nervous when the market took that huge dive in '08 and was about to sell but didn't. I think it's important to know going in that it's a crap shoot.
I would highly recommend PFF to all. PFF is an ETF of preffered shares of larger U.S. companies and pays a nice dividend. It is preffered in case the companies go under (senior to common in default), it is a fund so it is diversified, and it has a pretty darn good yield (currently 9.3%).
I think a lot of BPers might enjoy that tip. Not a speculative recommendation, just a good safe return that is very liquid to get in and out of - simple taxes as it is not an MLP or anything (although check out AMJ if you like MLP's).
I've been dumping a lot of money into PFE. Loved it when it was down in the low 14's, still like it at $16.50. I think it has long term upside, plus at 4.4%, it has a nice yield.