Quote:
Originally Posted by GregWeld
I missed your statement here -- and since the thread isn't about recommending what stock to buy or sell (there are 10's of 1000's of websites that do that daily).... what to think about for YOU... is more important in your decision making.
Be careful of too much consumer retail. Be careful of too much of any "sector". Diversification is important LONG TERM.
Buy what you feel comfortable with... because in the long run - if you're not comfortable with a particular name - you'll sell it when it's down... and kick yourself for buying it. So compare the historical TOTAL RETURN. And compare what you can sleep with thru thick and thin. KNOW that regardless of what companies you pick -- the MARKET will take you up and down over time. The key is not to be shaken out in those down markets and to continue to reinvest the dividends
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So If Im thinking of this and reading it right
I have 10 stocks, I should have all 10 sectors covered, hence why I am a little nervous about having 3 in consumer goods
So I spent a little more time looking around, looking at dividends, and ex-dividend dates
So here are my Hot Picks! haha
Consumer Discretionary I think I am going to jump on Mattel at 4.42 since Christmas is coming up
I like Target and Mcdonalds, but I think Mcdonalds is a little high for me right now, and Im not sure how Target is going to do with their stores in Canada supposedly suffering.
Consumer Staples: MO - Altria Group 4.8% dividend, Im going to wait until 10/10 on their payout to buy so I can see if I can get a little better bargain
Energy: really not sure about this one, but I am going with Shell at 4.79%, I was really tempted by Ensco and offshore drilling company at 6.36%, but Im not sure and think Shell is a safer investment
Financials: UHT Universal Health Realty 5.71% dividend, Im buying this one ASAP because the exdividend date is tomorrow
Health Care: GSK Glaxo Smith Kline: 5.61% dividend
Industrials: GE General Electric 3.40%, I was tempted by Metso 3.44%, they make alot of components for refineries, as well as NASA ground support (when I used them alot) so I am familiar with their stuff and its good quality. But GE is the bigger name with a wider market
Information Technology: Cisco 3.05%
I was tempted by Canon at 3.8% but it looks up overall, but its going down the past couple years, I think Nikon is starting to eat into their market, as well as smart phones having awesome cameras built in nowadays
Materials: BASF 3.73%, I was looking at Dow, but its dividend is 2.77%
Telecommunication Services I am torn here between Vodafone and ATT, I think I am going to just have 2 here
Utilities Con Ed, with 4.43%
I was looking at Dominion Exploration with 5.36% but seems like Con Ed is a "better name"
Finally my "Gamble" Im going to stick 5% in Adidas, they are really down since the beginning of this year, and overall they are up, and I just dont see a global brand like them going away soon