Hello I am currently 16 years old and a proud owner of Coca-Cola stock. I was wondering when would be the best time to buy more stock in Coke. Now? Few days? Few weeks? When it splits (if it splits)? Please advise me on what I should do. Thank you for your help.
Although I am not a KO shareholder (but will be very soon and it does not matter how high the price is), I drink 1 KO a day at least, summer or winter.
So all you bashers out there, stop beating up on KO.
Richin98, with KO alone on my portfolio at the end of this year,
I will change my name from patience_2020 to Richin_2020 in the year 2020, hopefully.
do and will occur, but I don't see the relevance. If a down market happens than I want my money that is in the market to be with the most solid companies. If you don't cash out before a down market than you have to hope the companies you own willl fare better than other companies. KO is a company that will, more than likely, out perform other companies no matter the market. Even if that means KO only looses 10% while the rest of the market looses 20%, it still makes KO a good place to be.
You are correct ".ROSES DON'T BLOOM FOR EVER.WHAT GOES UP CAN COME DOWN", but there is always next Spring when the "roses" will be back.
Clouds, ever hear of a guy named Ashby Bladen? He was a dour looking guy who used to write a column in Forbes during the 80's; every two weeks he warned of impending doom and a worldwide financial system collapse. After 3 or 4 years of his nonsense in the middle of a bull market, Forbes finally pulled his column.
Regarding your Chicken Little routine, you (and Ashby) will certainly be right at some point. Even a broken clock is right twice a day. At some point, we'll get a 20% correction in the market and probably in KO stock as well. No big deal for long term investors.
I've got KO stock (purchased in 1989) with a cost basis of less than $10. How about you?
DOWN MARKET.ROSES DON'T BLOOM FOR EVER.WHAT GOES UP CAN COME DOWN. ROSE COVERED GLASSES ARE HARD TO SEE THROUGH. O WELL THIS WILL HAVE TO DO TILL I GET BACK FROM ADVISING MR. BUFFET.
Forbes 400 is child's play for Warren. He would also be on the Forbes 2 along with Bill Gates. :-)
I highly recommend the book on Buffet by Lowenstein for both new and experienced investors.