Diversifying some dollars - what are your hot leads?
I'll take every response seriously - this is the internet after all :338:
I'll take every response seriously - this is the internet after all :338:
I just opened a Scottrade account - what should I buy?
- Thread starter nachoninja
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I'd seriously invest in that company that makes those little thingies that go in the thingamagig.
Glad to help.
Glad to help.
Now now, before we say that, someone needs to check his browser history for "thingies that go in the thingamagig stock"
Since you obviously make your living in tech, I'd recommend you look outside of the tech industry for diversification.
Usually, if you're just starting out with investing, try a few index and/or tracking funds. For instance, QQQ is a Nasdaq stock that replicates the performance of the Nasdaq market. So as the market rises and falls, so do you.
For what it's worth, this is a pretty piss poor time to get in to the markets full swing. There's just a lot of volatility. I'd suggest you dip your toe in a few no-load mutual funds, focusing on against-recession industries... Things like durable goods, discount retail, etc. Stay away from financials like the plague unless you feel like the bottom has already essentially hit.
Do your homework. The world of investing is hella fun, but a bad day will hurt like a kick in the balls.
Usually, if you're just starting out with investing, try a few index and/or tracking funds. For instance, QQQ is a Nasdaq stock that replicates the performance of the Nasdaq market. So as the market rises and falls, so do you.
For what it's worth, this is a pretty piss poor time to get in to the markets full swing. There's just a lot of volatility. I'd suggest you dip your toe in a few no-load mutual funds, focusing on against-recession industries... Things like durable goods, discount retail, etc. Stay away from financials like the plague unless you feel like the bottom has already essentially hit.
Do your homework. The world of investing is hella fun, but a bad day will hurt like a kick in the balls.
The internet is serious business no?
and Dave - it's not full swing just something to poke around with - the market can't stay this low much longer
With interest rates coming down and home equity lines less expensive, people might be doing more home improvement. You could do some research on companies like Home Depot or Black and Decker, and diversify away from tech, where you presumably make your money
JMHO
JMHO
However, retail doesn't look horribly promising either right now - and that means "home depot" as well. I believe I just read that Lowes or Home Depot just reported a bad quarter or something like that. Since I don't give a rats ass I could have the store wrong, or even the facts.
Why not just go subscribe to the Motley Fool or a similar trade magazine?
GOOG
Oh, you mean the company that has dropped over 200 points in the past 60+ days?
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