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Originally Posted by AMSOILGUY
AHHH ok! 
Thanks John
Now doing research over the last week I have noticed something. The majority of the stocks I have looked at are all up. Is the market overall up and it would be hard to choose something stable that isn't going to be up? Just because it is up does that mean its not a good time to get in? I have mainly been focusing my efforts on dividend paying stocks and ones that I feel are products my family uses. Along with the TR that was brought to my attention
I'm going to follow your advice Greg and split the 1500 over 3 stocks. He actually has 1600 to start with so the extra were going to put in FB which actually is the less exspensive of the 3 I am leaning towards.
I like the mention of FB everybody I know and all businesses have a Facebook page. That is going to be the higher risk and the only one that doesn't pay a dividend.
I'll throw the other two stocks out there that I'm leaning towards and if anybody has information to add I'll take it. I would love to get started today but the up market worries me some.
JNJ
PG
Thoughts anybody? |
Regarding buying when the market is up. As long as you plan on holding for the long term, I think most people will tell you to just buy when you are ready and not try to time the market. I actually have a hard time following that advice and tend to wait for pullbacks in price to make my purchases. Sometimes I get the pullback I am waiting for and get a good buying opportunity. Sometimes, I completely miss buying the stock because I am waiting for a pullback and it never comes. The stock keeps going up and up and I kick myself for not having bought it. The other downside in waiting to purchase is that you are not collecting the dividend you could be collecting while waiting for the stock to go down.
You may want to do some research on "dollar cost averaging", if you are going to consistently put money in the market.