Quote:
Originally Posted by LS1-IROC
Thanks for the info Greg! The stock route sounds more appealing to me. I'm a total newb at this. The only investments I have are in a 401k. My wife and I have been saving money since we got married and now is the time to invest instead of letting the money sit in a savings account.
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Well -- keep liquid! Cash is king -- so don't go "all in" and then be a forced seller when the market is against you. Don't get greedy on me!
The market historically has never been down THREE years in a row in any three year period - or some such rule.... but I'll guarantee the minute you get in -- there's a little guy on Wall Street that yells to his buddies -- "he's in! Take 'er down!". And they squeeze and squeeze til you quit. Then he hollers uncle and the market goes up. If you sell when it's down -- he yells to his buddies "he's out! Take 'er up!" and the market goes up the day after you've just sold. You only beat him by staying "long". You can only stay long by buying GREAT COMPANIES - and getting PAID TO WAIT (the Dividend!).
Forget the stock buying "tip" you get at the grocery store....
Buy companies like:
Phillip Morse
Altria
Con Edison
Coke
McDonalds
Johnson and Johnson
Kimberly Clark
Pepsi
AT&T
Verizon
Proctor and Gamble
If you want some more "yield" with HIGHER RISK you can sprinkle in a little:
Showing SYMBOLS here.
HYG --- High yield government bond fund
JNK --- Corporate junk bond fund
NLY --- Mortgages
These are all names you can actually tell someone what they do! You don't need to be brilliant... you just need to win by staying in the game.