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I think it is all about one's tolerance level. I love Corporate Bonds. I even have a B of A Bond paying over 6%. I have had it for four years. The Bond has been downgraded but B of A is the second largest Bank here in the United States. I know B of A has some major issues but I don't believe they are a sinking ship but I am just a small fish in the sea, so what do I know? It is about one's own opinion. At one time the Bond's worth was $4800. I have learned not to panic, I have lost loads of money by that. My motto now is buy and hold on Blue Chip Dividend stocks.
you mean like gm? citi bank? lucent? bear sterns ? ge? ford ? couldnt get any bluer then them. blue chip dividend payers may or may not be a good choice. there is no trick to making money .
Last edited by mathjak107; 12-08-2011 at 02:40 AM..
well dont forget those ones i mentioned were once in that class too. buying and holding dividend paying blue chips unto itself doesnt mean you will make money anymore than buying any other stock.
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Quote:
Originally Posted by Oildog
Investing in stocks or mutual funds implies risk. Markets go down as well as up. If you are dtermined I would lean to a high dividend stck like cigarettes or a utility. 5% a year.
I wouldn't invest in cigarette stocks (for moral reason), but during times like this it's better to look for stocks like utilities that are stable and give usually predictable dividends, rather than growth stocks. It's about the best bet now for safely outperforming the loss of money value due to inflation, even if not by a huge amount.
*note: this financial advice has been given by a man who used to sleep under bridges.
it may not be about stocks at all if markets head down and stay down even longer. it may be about other asset classes which if your not planning on holding may be a big mistake.
I wouldn't invest in cigarette stocks (for moral reason), but during times like this it's better to look for stocks like utilities that are stable and give usually predictable dividends, rather than growth stocks. It's about the best bet now for safely outperforming the loss of money value due to inflation, even if not by a huge amount.
*note: this financial advice has been given by a man who used to sleep under bridges.
Woof, I hope your advice is for short timers (I wouldn't be in anything "safe" for the long term")
one thing I do like about Warren Buffett is his quotes...this is so true.
"Be fearful when others are greedy. Be greedy when others are fearful."
it all eventually boils down to having a strategy or plan that fights human nature as human nature will have you always doing the wrong thing.
you will bail and run when you should be buying or rebalancing left to your own devices.
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