Jimbo Fisher: What are some good ideas for stocks to buy in a long term investment?
I’m planning on buying 3 different company’s stocks, putting $ 200 into each company, and waiting around 30 years. Can you give me suggestions to what stocks I should buy? I was thinking Apple or Microsoft for one but I dunno about the rest.
Answers and Views:
Answer by s7e7v7e7n7
I have never been fond of buying stocks on products with limited warranties for long term investments unless i were to be strapped for cash and quick to live life to the fullest on the greenbacks of others willing to take the risk of loosing their dreams. Microsoft is at least trying to come together as i hear and Apple has grown in leaps and bounds. hope this will help your search.
30 years! Wow!
Okay then, for that time frame think of companies that are likely to be around for 30 years.
Coca Cola’s a safe bet. It’s been around since 1886 and I’ll still be drinking it with my bourbon in 30 years from now. It’s always raising its dividends and has been taking over food companies as well as selling Coke.
IBM’s a good one. Like coke it pays and raises its dividends each year. There’s a lot I could say about IBM. The tech giant is releasing the worlds fastest computer in 2011 and is currently working with Google to develop health care software so patient data can be stored on Googles server.
I think Microsoft’s okay but don’t get me wrong, Apple is a cool company with i-phones and i-pods, but it doesn’t pay dividends. If I was going to hold stock for 30 years, I would at least like a company that pays quarterly dividends and raises them yearly.
Answer by JohnGalt30 years? Are you kidding?
Think back to 1978. There was no personal computers, Car phones were an oddity (and don’t even imagine a cell phone), there was no internet, the USA was mired in inflation, mortgage interest rates were 18%, Sam Goody was the largest electronics retailer in America, STop & Shop & Alexanders were the big retailers, Walmart had barely made it out of Arkansas as a small regional discount store selling 100% Amerrican products, Japan had not even had their boom and crash yet, and a Toyota was a piece oif crap. OPEC was just getting started, the iron curtain was still formidable, Russia was a comparable economic and military power to ours, and India was a third world country. Las Vegas was still small enough to walk to all the casinos.
Even 10 years is a long time to try to sit on a stock. In today;s world, 18 months is long term for investing, and while you can try to have a five year view, you better be staynig on top of things.
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