I’ve held diversified portfolios of stocks where some of my winners hit doubles or triples. You can’t count on that happening every time but boy, do you remember when your picks did. Looking for a double right now if you know of any candidates. Will trade on margin
You know, you ask a serious and valid question here on Yahoo! Answers and why do some responders immediately feel this is an invitation to try to invalidate the Asker’s question with some "topper" they think they can make, noting the world is coming to an end (so they say) by global warming, so don’t even think about something as silly as investing in anything as doomed as world financial markets because you need to be burrowing like a mole and hiding from the impending Hell that is lurking.
Please, for those with rational advice versus the Chicken Littles of the world who want to proclaim "The SKY is falling!", I would appreciate a serious response.
jebediabartlett 7:03 pm on October 21, 2009
Well, seeing as you know what you’re doing, just need a " catch-up"…I’ll offer these items for your consideration:
A couple or three well managed mutual funds can be the basis of the portfolio…and presently, " international" or " emerging markets" are great in that category. I use FEMKX and FGBLX… and for just an aggressively managed all around fund, look into CGMFX… the manager uses the fund almost like " hedge fund" managers…
In individual stocks you either go with the stalwarts like MO or look a little more at " what’s hot"… for awhile ( because of China’s and India’s growth ) that has been metals and miners, and the " shippers" that deliver those goods and leave with their exports.
Another group that is on the verge is " telecom"…especially wireless communications…those growing countries are putting up towers, etc. rather than going with the old stringing thousands of miles of hard lines. And everyone almost evertwhere is in on the wireless gizmo and gadget buying spree.
Energy and " alternative energy" are sound investments…everyone’s using more…and there are more and more people relying on those things. In the past few weeks, alone, any stock with China and/or solar in the name has gone up 20%…
So, let me just add..you mentioned " doubles" …yeah! few and far between, but I’ve had these…in the areas I’ve mentioned : PCU, FCX, VMW, TBSI , MELI ( some outright doubles …some doubled in a trading mode ie: TBSI three time this year has gone from the low 30’s to high 50’s)
it h 7:03 pm on October 21, 2009
forget all about current economies, bonds so on. most of the world economy will corrupt in a while cause of global warming anyway. get yourself a nice plot next to a water resource like river, better if you get close to the source.
slavaret2 7:03 pm on October 21, 2009
Nice writeup.
Sounds like you should be giving us stocktips.
muncie birder 7:03 pm on October 21, 2009
I would not completely discount the advice given by your 1st responder, although I believe there are other more pressing problems that might effect the market. T-bills have done very well relative to the alternatives as have investments in foreign sovern debt. Chinese and Indian markets have been outperforming the U S markets for about 3 years, maybe more. Risk takers are currently recommending financial stocks. I guess that is why they are called risk takers.
PupKing 7:03 pm on October 21, 2009
Try overseas investments. You will get the maximum returns.
My low risk investment had a return that averaged 40% per year.
A very serious response.
farfel 7:03 pm on October 21, 2009
Jim Rogers likes China and commodities.
i went to his presentation at the Asia Society last night here in NYC in conjunction with his new book "A Bull in China", and i thought he made a convincing case…
bunty 7:03 pm on October 21, 2009
Well in my opinion U should go for good IPO’s because the manipulations are less as compare to already existing companies.