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As title suggests I have some extra money to invest. I have a good amount in Index funds and 15% in cash already in retirement accounts. This would go into my 'active trading' account.
Sectors or stocks to look at? Prefer stocks under 30, mid cap or larger.
So the $50K is a drop in the bucket, more or less? As for sectors? Right now, I'd opt for the CASH sector. Wait for the correction and then invest.
You may want to consider Cisco, GE, and Pfizer. These are stocks that are under 30 and pay a dividend. You may want to use the dividends to purchase additional shares. This is called a DRIP or dividend reinvestment program. The yields are over 3%. If you want to research other stocks then you may want to go to Finviz.com which is a stock screener web site.
If you want to go a little higher, you may want to consider Intel and AT&T. Be sure to do the appropriate due diligence and what stocks have done in the past is no guarantee of what they may do in the future.
Thanks. I've owned GE, CSCO, PFE since 98. Got T in 06. Have let them ride and added a few hundred shares along the way. I use Schwab, but will give the site a look.
but i like natural gas , insurance and healthcare.
I agree on sectors, but not my first rodeo. Will look harder at insurance stocks and managed care facilities. I have good exposure to energy, utilities, consumer goods.
I agree on sectors, but not my first rodeo. Will look harder at insurance stocks and managed care facilities. I have good exposure to energy, utilities, consumer goods.
Additional sectors you may want to consider are tech, pharma, and non-cyclical consumer goods.
An out of favor oil that may be a consideration is BP. It has a yield of over 5%, but the price is higher than the 30 you indicated.
Energy (XOM, BP, HFC), industrials (GWW, PH, SWK, GD), financials (BAC, JPM, DFS, MKL), food/agri (MCD, SBUX, SJM, DE), healthcare (JNJ, DVA) and a few other select stocks like BRK-B, DIS, NSC, and UNP, just to name a few of my favorites. Of course, I wouldn't buy all of these right now due to rather high valuations, but that's where I'd start.
Energy (XOM, BP, HFC), industrials (GWW, PH, SWK, GD), financials (BAC, JPM, DFS, MKL), food/agri (MCD, SBUX, SJM, DE), healthcare (JNJ, DVA) and a few other select stocks like BRK-B, DIS, NSC, and UNP, just to name a few of my favorites. Of course, I wouldn't buy all of these right now due to rather high valuations, but that's where I'd start.
I wouldn't. Share price has ZERO bearing on whether or not a stock is valued attractively. A $5 stock can be expensive and a $100 stock can be cheap. Price is what you pay, value is what you get.
Giving recommendations is unsuitable based on the limited information displayed. Also the illogical limit on share price demonstrates a disconnect from logical investing
I couldn't agree more on both points...
The OP hasn't said what his risk/reward goals are nor does he understand a $5 stock could be way over-valued, while a $100 stock could be way under-valued.
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