What are some good stocks to invest in right now.?
You have to put things in perspective in regards to the economy. You will be investing for the long-term, and odds are great that the economy will continue to grow over that period, even though there will be periods of weakness. I would not suggest going overly aggressive with your son’s college savings, which can be done with added benefits in a 529 account, or your retirement money. I say this because the more aggressive you go, the greater the risk of loss. While it is possible to take on a fair amount of risk given your age, you have to consider that this is the money that you will be living off of later in life, and need to protect it. I would suggest that, until you have a strong understanding of the markets, if that is what you desire, that you invest in mutual funds or ETF’s rather than individual stocks. ETF’s would be much better than mutual funds if you can spend some time evaluating the economy then picking some strong industries, as you can target your investments in ETF’s
Now is a great time to invest! The market has settled down and investing in stocks is the way to go. Read a few books and do some research, then get yourself an online stock account with Scottrade or E-Trade. They are easy to manage and have small fees for new traders. I will also give you a great stock tip to get you started: Quantas Services (PWR) They are a utilities company that builds and rebuilds power grids and cell towers. They are always in demand. They have solid management, good growth and sales numbers. It is trading at $22 right now so it is affordable. It just got a huge “Buy” rating from JP Morgan. They expect it to be trading at a 70% gain in the $35-$0 range by the end of the year. I highly recommend this stock to start out your portfolio. Good luck and happy investing!
I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich. If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you become much richer than you are today. My experiences as a Nasdaq Market Maker, Head trader of seveal brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that: We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow. Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don’t ever forget that, don’t marry a stock, marry the idea of making money trading stocks. That’s the only way to do it. For me “All stocks are equally worthless” I don’t hold on to any illusion that
