A question by shopaholic : I will be selling the stocks January, so I’m just depending on holiday shopping, travels and such. Which stocks would be the best to buy? I’d like a little background on them as well, since I’m new to this. I’ll need some proof that they’ll be good before I buy them.?
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“The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression. That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too..”Max M
“Holiday shopping has absolutely nothing to do with the price of a given stock. Everyone knows that companies like Macy’s make most of their profit during the holidays but people buy them based on their annual income not just their 4th quarter income. Unless you are a seasoned investor or day trader you should not buy stocks with a plan to sell them in 30 days. The stock market can be very volitile and no one really knows what will happen in the next 30 days..”Steve
- The wisest thing that be on everyone’s mind currently is investing in different streams of income that doesn’t depend on the govt. especially with the current economic crisis around the world. This is still a good time to invest in Gold, silver.