I've recently decided to start investings. I bought some shares of Wells Fargo and sold them for minimal gain. I was up some and saw the numbers falling after news of a potential class action law suit. It's now above what I sold it at.
I'm currently long on Bank of America and I'm up a fair amount. That's one I'll hold for a while.
I'm looking for some more (long term) stocks that are relatively safe but are still expected to have nice returns. Boy do I wish I bought Apple a long time ago, but is it still a good long term buy?
I'm also kicking around the idea diversifying in McDonalds, Yum, or some other resteraunt chain.
Any opinions on Apple or other investment ideas would be appreciated.
Some of my best gains have been with stocks making new highs. The reason for this, is that once a stock breaks above, there no resistance and no sellers that are simply looking to recoup losses. I use Investors Business Daily's CAN SLIM method and it has worked well for me.
My only fear with Apple is that it may be a little extended past its break out for a long term investment. I am long, but look to take gains at 144.
Diversify no matter what you decide. There are cheaper tech stocks than aapl that give you growth. QCOM and Adobe come to mind. As a BAC holder, I find it still risky. You may want to look at some overseas banks or Canadian banks if you want less risk. Most of YUM's revenues are from overseas. Growing in China. I like that. MCD is almost always a good stock to own. If I had no long positions from way back and was wondering where should I invest, outside of some foreign countries I think I might sit it out until fall and see how the market turns.
That's kind of failed logic. I'm sure in 1995 Microsoft seemed expensive and then it went on to split thrice over the next five years. The same can be said for McDonalds, and countless other large cap companies out there.
I'm not looking to invest in a get rich quick scheme. I'm more or less looking for a stock that will reap the benefits of steady, consistent, long-term growth.
I haven't posted before on Yahoo financials before. But thus far it seems full of long and short cheerleaders instead of having sound, rational discussions.