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I suggest that you go to morningstar.com and compare mutal funds. It is the best way to get diversification. Look for fund managers with at least a five year track record, preferably 10 years. Look for consistant returns and low risk. Fifty thousand is a lot of money. You may also wnt to use an investment adviser.
With my past record I think I'd be looking at mutual funds. I've been thinking about selling my services... it seems like every pick I make is a bad pick... so you could just do the opposite.
Sassafras makes a good point. I think I would take to an investment adviser who charges by the hour... not the portfolio managers who can make money off of moving your money around. May or may not save money in the long run, but you know for sure your information isn't biased because they gain nothing other than continued business if you do well.
i would buy 10,000 worth of verizon, 10,000 worth of T 5000. worth of Rccl,
10,000 worth of Glx, and the rest into either vanguard windsor 1 or windsor 2
or wellington.
A client of mine used to do international mergers and aquisitions. He bought a major ski area a few years ago. I asked him a similar question once. He said "David, I'm not smart enough to pick individual stocks".
So my money's with Sassafras. Mutual funds make a lot more sense imHo.
Haha, Roma you're all over this market business lately. I think sassafras has a good point here as well. Mutuals are probably your best bet because they're professionally diversified. I mean, you can diversify your own portfolio but if you do it correctly, your left with $10,000 or less in each industry, which isn't a whole lot of money. Pick a fund that you feel comfortable and go with it.
Here is a little tip. In May when Master Card went public, I bought approx $2000 worth of shares which are now worth $7000. VISA is going pubic and I will be in line to buy that as well.
If you had $50,000 to invest in stocks, what would your stock picks be? And how much money would you put in each stock?
My suggestion is pick your own stocks. Learn to do it if you don't know how. It's a lot easier than people make it out to be, and knowing how will give you confidence in yourself and your choices and steers you clear of pump-and-dump scams that are so prevalent on the internet these days. That was not directed at the posters here of course. Why rely on other people when you can learn to do it yourself?
Last edited by davidt1; 08-26-2007 at 07:19 PM..
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