Mar 30 2009
Which Stocks to Buy Now
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This blog will be a Monday-Friday only from today on.
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The question was asked, which stocks would you buy now? Let’s give some titled nominations.
Best long term investments:
GLD: This is the spider for gold bullion, and gold always goes up when there is inflation. It will sit still for a while, but then will probably go up dramatically.
SLV: This is the spider for silver. If gold goes up, so will this metal, and often more dramatically. Someone once called it gold on steroids. It’s like that.
Best Thing to Do with Money if You Have a Dime:
CVDT: China Voip and Digital Telecom: This one has a P/E of under ten, and revenue that has exploded in the past year. Imagine a company in China that is exploding in growth in a country that is exploding. This is a cheap investment that you can toss into an account and forget about for a while. Remember, a penny stock will swing dramatically when it loses just a penny. Be ready for that. Also, this is a purely speculative play; it’s risky beyond belief. It’s similar to shooting dice. If risk is not your thing, don’t put in more than anything you can lose. It may make big, but when dealing with overseas stock, you need to watch it closely and be prepared for anything to mess it up.
Stocks to Throw in Your Portfolio and Forget About Them:
Think the big companies that you use every day: Proctor and Gamble (PG), Coke (K), and Johnson and Johnson (JNJ). Let’s face it, in ten years, these stocks will have come roaring back. After all, you still have to buy bandaids, something to drink for a party and stuff to clean your house. No home made cleaner does the job of some of these commercially made cleaners, that is for sure.
Screaming bargains:
British Petroleum Prudhoe Bay Trust (BPT) They make money, money, money and pass it on to you. It took a recent hit, but consider that the price of oil has already been creeping upward.
There are many shipping companies that are “on sale” right now. They will boom as the next couple of years begin to rev upward. Keep in mind that while we have tough times now, in the next couple of years, the nations should begin to recover. When they do, shippers will need to be working hard to get goods to market. That will help them be successful, and they always pass those dividends to you.
Good luck!
