IRA dude? Don't gamble with that. If you want to play it semi-risky I would suggest DIA (Dow Jones tracking stock), which follows the 30 best blue chip companies in the world. That would give you some risk compared to buying a mutual fund. SPY follows the S&P 500 is another idea. There are a lot of broke people right now who put their IRA's all in one stock like Winn Dixie, Enron, MCI Worldcom, and Kmart just to name a few. I don't know how old you are but I would suggest putting as much as you can into the IRA with one of these index funds or mutual funds. Just make sure it mirrors the S&P 500 or the S&P 100. Look at it about twice a year and when the market has a bad 6 month stretch, try to get some more in there if at all possible. You must look at it from at least a 15 year investment minimum. Do you realize that the last 5 years the S&P 500, and the Dow 30 are basically flat? It's because there was such a huge run up in the late 90's and the market got ahead of itself.
Later
Later
Sure, here you go. Do your own due diligence and you'll see what I am talking about.
http://finance.yahoo.com/q?s=EZEN.OB
If you have any questions feel free to ask, I've owned this since last April and I know the company/industry very well.
http://finance.yahoo.com/q?s=EZEN.OB
If you have any questions feel free to ask, I've owned this since last April and I know the company/industry very well.
Look into ERES. The stock has recently traded down and might be a good oppourtunity to get in. Take a look. Great company that will be a good long termer in my opinion. One other note a stock that I have owned over the years that is not all that aggressive, but has continually tracked skyward is DAKT. Good luck
Pubs$
Pubs$
I have owned ERES on and off for past year and a half. They have a great business (cardiac response) and a very defensible posiiton but IMO it is a trader not a long term holding. I buy in low 13's sell in high 16's.
I think the stock can get to 20 but damn if they don't muck everything up every time it strengthens.
If you get in the low teens you grab a cost basis similiar to what Blum Capital got. There is a real power struggle going on between them (recent institutional investors) and upper management, see last few executive resignations and you can see who is winning...
I think the stock can get to 20 but damn if they don't muck everything up every time it strengthens.
If you get in the low teens you grab a cost basis similiar to what Blum Capital got. There is a real power struggle going on between them (recent institutional investors) and upper management, see last few executive resignations and you can see who is winning...
i saw where warren buffet recently bought bud @ 42 a share and wmt around 44 @ share...if it's good enough for warren it's good enough for me...i read a article recently and the bottom line in buying stocks was to own 10 stocks in leading industries to make moneystewie21 said:
1 G.E.
2 Wal Mart
3 IBM
4 Merck
5 Microsoft
6 Merck
7 Budweiser
8 American Express
9 Exxon Mobil
10 Southern Company
For IRAs, it's a whole lot easier to know what NOT to buy than to settle on exactly what to buy. Rule out any stock with an ".OB" or ".PK" after the trading symbol. The advice of finding a blue-chipper with a good dividend is solid, as is diversification. There's less chance of hitting a 10-bagger that way, but you can also be confident you're not going to lose your investment.
Percocet,
It certainly is possible to find a good stock on the OTCBB, but there are a lot more money drains that winners there. Investments there are high risk, but sometimes high reward. Something I'd say is better suited for a speculative investment -- money on the side invested in hopes of a home run, but not to be relied on as a retirement fund.
An IRA, though, is retirement income. It's boring advice, but I think it's very sound to stick to the plan of keeping that money safe, and accepting the fact you're not likely to have giant percentage returns.
I'm with Stewie, divide IRA funds into a diversified basket of dividend-paying companies with a solid foundation, then have the brokerage house automatically reinvest all dividends.
Speculative investments are where the great stories of big returns come from, but I like keeping that seperate from retirement monies.
It certainly is possible to find a good stock on the OTCBB, but there are a lot more money drains that winners there. Investments there are high risk, but sometimes high reward. Something I'd say is better suited for a speculative investment -- money on the side invested in hopes of a home run, but not to be relied on as a retirement fund.
An IRA, though, is retirement income. It's boring advice, but I think it's very sound to stick to the plan of keeping that money safe, and accepting the fact you're not likely to have giant percentage returns.
I'm with Stewie, divide IRA funds into a diversified basket of dividend-paying companies with a solid foundation, then have the brokerage house automatically reinvest all dividends.
Speculative investments are where the great stories of big returns come from, but I like keeping that seperate from retirement monies.
YourAllAmerican said:
Again, not necessarily. Just because a company is on the OTC doesn't mean it's such a gamble. Look at companies like ezen.ob or ksww.ob for example. Those companies have better fundamentals than a ton of the NASDAQ companies out there. The reason I like these types of companies is because people have this notion that since they trade on the OTC they are not stable companies. This allows you to buy them at a significant bargain. At the end of the day NOBODY is going to argue with earnings/cash flow. If you can buy that at a significant discount then that's what it's all about.
However, it is difficult to navigate through the minefield of losers/scam companies on the OTC, no doubt. Definiately not for everyone. A lot of it depends on your age also, if you're old and plan on using this money in the near future it's not very prudent to be dabbling in OTC land. But if you're younger then you can afford to take a gamble, but buy sound companies no matter which market you endulge in. There are a ton of losers on the NASDAQ, NYSE, AMEX also.
Just wanted to give a heads up that Ive recently sold my ccj position and spread the proceeds among various uranium and precious metals companies.
Remembered this thread was about someones ira...didnt know if the thread starter actually bought the stock.
If you want other recommendations, just post and when I see it Ill post my top holdings.
Remembered this thread was about someones ira...didnt know if the thread starter actually bought the stock.
If you want other recommendations, just post and when I see it Ill post my top holdings.
