Hey Look, I'm being responsible with my Money!

[Odin]

I've already discussed this in the chat, but I've been working more recently and saving my paychecks to invest in stock.

So far I own 7 shares of Exxon Mobile. I have a bunch of money I transfered to my brokeridge account and I'm looking to buy some more. Some companies I'm currently looking at:

Apple
Microsoft
Best Buy
Johnson and Johnson
General Electric

As a side note, I won't be touching this money for many years, so any risky stocks will be considered.

General advice is welcome also.

These stocks are fine Ice there isnt much risk given the market share of each. As an example people piss and moan about microsoft, but whats there market share?

Couple of common sense rules to stock investments

1. invest in what you know: If your an auto mechanic and 65% of the parts you and your colleques get are from Auto zone that might be a good investment.

2. Cash on hand: Companies with cash can solve problems faster. Blue chips are solid choices here.

3. Legalities: Tobacco companies used to be solid investments but litigation has dragged them down. Microsoft has pending legal issues in the EU over monopoly claims. Its the one company that might be able to buy its way out of it.

4. Market Share: Whats on your shelf at your home? chances are its on the same shelfs of many other americans. Johnson and Johnson and General Electric are very good choices. (proctor and gamble is another).

5. Gambling: Anything outside of the blue chip world is a risk, your gambling and you better be prepared to loose.

Overall you have picked blue chips and thats a solid start to a portfollio. its going to cost you a lot of money to get in though and its a long term investment to make real money. That said TinCow has sage advice. Essentially by investing in Blue chips you have made a secure investment which requires little management. Should you venture into more speculative ventures its work.

Supplement your stock investments with a solid mutual fund (an index fund maybe?) The overall goal is to diversify enough to have enough coverage for all market conditions.

[KukriKhan]

5. Gambling: Anything outside of the blue chip world is a risk, you're gambling and you'd better be prepared to lose.

QFT

XOM selling for $88.61 per, x 7... I wish I'd had $600+ just laying around in my student days, waiting for my bet/investment. (j/k; good on ya, 'learning by doing').

[Odin]

QFT

XOM selling for $88.61 per, x 7... I wish I'd had $600+ just laying around in my student days, waiting for my bet/investment. (j/k; good on ya, 'learning by doing').

investing in your student days Kurki? You would have had to use a good old fashioned broker if I am not mistaken. You could also walk into fed banks back then and buy treasury notes directly.

Besides what do you need material wealth for with your uncompramising wit?

[KukriKhan]

investing in your student days Kurki? You would have had to use a good old fashioned broker if I am not mistaken. You could also walk into fed banks back then and buy treasury notes directly.

Besides what do you need material wealth for with your uncompramising wit?

Yup, that's me: wit-rich, cash-poor.

Six hundred 2007 dollars translates to about 400 1970 bucks, or two week's pay back then. In those days, I didn't know a treasury note from a "please excuse Johnny from school" sick-note. Such are the advances in education.

Today, my 401(k)-like plan lets me move money around among 6 different fund sources, on my own - you're right; in 1970 I'd have had to use a broker. My REAL retirement plan, sadly, involves matching 6 numbers with the State of California twice a week. One of these days...

[Odin]

My REAL retirement plan, sadly, involves matching 6 numbers with the State of California twice a week. One of these days...

Well if its any consulation I buy scratch tickets from time to time as well. What the hell, you cant win if you dont play.

Also back in your school days if I am not mistaken (which rarely happens ) you could walk into a fed reserve bank and exchange your dollar bills for gold.

Now if you had done that it would have cost you approx 35.00 for an ounce of gold. Today that same ounce sells for 830.00. That would be a 2371%return.

Stick with the wit old timer.

[Ice]

These stocks are fine Ice there isnt much risk given the market share of each. As an example people piss and moan about microsoft, but whats there market share?

Couple of common sense rules to stock investments

1. invest in what you know: If your an auto mechanic and 65% of the parts you and your colleques get are from Auto zone that might be a good investment.

2. Cash on hand: Companies with cash can solve problems faster. Blue chips are solid choices here.

3. Legalities: Tobacco companies used to be solid investments but litigation has dragged them down. Microsoft has pending legal issues in the EU over monopoly claims. Its the one company that might be able to buy its way out of it.

4. Market Share: Whats on your shelf at your home? chances are its on the same shelfs of many other americans. Johnson and Johnson and General Electric are very good choices. (proctor and gamble is another).

5. Gambling: Anything outside of the blue chip world is a risk, your gambling and you better be prepared to loose.

Overall you have picked blue chips and thats a solid start to a portfollio. its going to cost you a lot of money to get in though and its a long term investment to make real money. That said TinCow has sage advice. Essentially by investing in Blue chips you have made a secure investment which requires little management. Should you venture into more speculative ventures its work.

Supplement your stock investments with a solid mutual fund (an index fund maybe?) The overall goal is to diversify enough to have enough coverage for all market conditions.

Good advice guys (TinCow and Odin)

I do like the blue chips and I do realize I'll be in it for the long haul (that's my plan actually. I don't plan to ever sell these investments unless I need the money)

I'll be buying microsoft. In a few months when I collect some more money together, I'll probably consider some others.

[Rodion Romanovich]

Invest in porn and arms industry, they seem to increase most these days

[Fragony]

Porn wouldn't be very smart, industry is in big trouble since the webcam, and the arms industry, I'll leave that to unicef and warchiild and other charity organisations.

[Bijo]

These stocks are fine Ice there isnt much risk given the market share of each. As an example people piss and moan about microsoft, but whats there market share?

Oh shut up. Out of principle one should not engage Microsoft in such a way, even if it's for the money.

[Odin]

Oh shut up. Out of principle one should not engage Microsoft in such a way, even if it's for the money.

Do I detect passion Bijo? How droll for you.

[John86]

Hoku Scientific (HOKU). Easy money short term once financing comes in.

Sirius Satellite Radio (SIRI) Merger news coming, again, very easy money short term.

Apple
Microsoft
Best Buy
Johnson and Johnson
General Electric

None of these are very useful stocks to own IMO. Large companies with not much upside potential. Apple will suffer a pullback soon, long term its fine.

Abaxis (ABAX) is ready for large growth. Stable like the companies you listed, yet much more profitable for the shareholder.

[Papewaio]

Oh shut up. Out of principle one should not engage Microsoft in such a way, even if it's for the money.

Do you have a valid reason other then it being commercially successful?

[Ice]

Heh,

Microsoft was up 4.26% today .

[Odin]

Heh,

Microsoft was up 4.26% today .

Microsoft is a good investment Ice, again market share.

[John86]

Microsoft is a good investment Ice, again market share.

MSFT has been flat for years. There are so many numerous stocks with a rewarding dividend and growing share price one could invest in which would be far more rewarding than MSFT. Perhaps I'm missing something. Please explain to me why MSFT is a good investment?

[Odin]

Please explain to me why MSFT is a good investment?

no, I dont desire too.