I want to hold them for a few years, probably buy 5k worth of apple, 1k of bofa and 1k of wells fargo

any advice or suggestions?

 

  • xperiencedinvestor 3:12 am on December 25, 2009 Permalink

    wait for a market pullback

    AAPL WFC and BAC are priced high in the market. Watch it tank on Monday.

  • Joseph P 3:12 am on December 25, 2009 Permalink

    You are wise to begin investing at a time when the markets are very low after these tumultuous times. Apple is a great tech. company and they have a great product, however I think a better play in the tech sector is Research in Motion (RIMM). There is greater upside potential and it was shown just last quarter that RIMM is taking market share away from Apple! BTW in case you didn’t know, RIMM is the creator of the blackberry.

    BoA also has great upside potential because it was so beaten down, however I believe Wells Fargo and Morgan Stanley will prove to be wiser investments. Not that they are the same, but BoA reminds me too much of Citi. After seeing the disaster that that is, I’d avoid big banks. Wells Fargo on the other hand is well managed. You might also want to look at Northern Trust (NTRN) and Fifth Third Bank (FITB). Both companies have great numbers (outside of the fact that they needed to raise capital according to the Stress Tests.

    Some other ideas you might want to think about are water transportation companies. These companies have been hit greatly by the economic slowdown. I personally own Diana Shipping (DSX) and will continue to hold it for the long term. The management is very competent and understands the importance of keeping a strong balance sheet while also using the leverage available to expand the fleet while prices are low. Good luck with your investment choices and if you need to discuss any other ideas feel free to send an email!

  • Space Invader101 3:12 am on December 25, 2009 Permalink

    For long-term, I wouldn’t buy any of them. Maybe one of BAC or WFC. Apple doesn’t pay dividends.

    I’d favor IBM or Microsoft over Apple. There was some pull back in tech stocks last week so check for some rebound on Monday or during the week before buying in this sector.

    United Technologies (UTX) is a good industrial stock to invest in. The energy sector is currently the best sector. Chevron (CVX) is good to buy at the moment.

  • BlazerFan 3:12 am on December 25, 2009 Permalink

    Don’t try and time it, like the other gentleman is suggesting. The question is, does it fit your needs?

    Apple is not likely to pay dividends for a while, so if you need current income, may not be the best bet.

    Both Bank of America and Wells Fargo will be good long time investments.

    If you have any debt charging rates above about 10%, I would pay that down first before buying any stock.

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