Finally the Stock Market did ok today. What are some of your better stocks, worst? L3 Communications (LLL) by far has been my best +57% for me. They are due to split 2/1 tomorrow or Thursday. Home Depot (HD) did good today also at +2.36. Yahoo! One of my worst has been Tyco (TYC), I have nothing to say about that except
My best performing stock by far is Entergy (ETR) at 100+% gain over the past 3 or so years. Next is Wal-Mart (WMT) at about 25% gain over numerous purchases over the past 3 or so years. My GE stock is kinda sucking right now. My worst was/is Keravision (KERA) at 99.9% loss (worth virtually nothing now) - luckily I didn't invest that much in it. I've been selling some of my KERA over the past couple of years to offset some of the gains on my better performing stock sales.
I wasn't to happy with the very sideways nature of PFE, MSFT, C, or T, but fortunately I came out with few scars. Oh, SBC sucked for me too Did pretty well with PEP. I am a coke drinker, but with Gatorade, Tropicana, and Lays under their belt, they're better positioned to take the number one cola spot. MHO
Still got a Teeny bit of JNJ and GE that I'll just hold onto. The rest I used for my pad, since the mutual funds are still sitting pretty.
Used to use a newsletter called The Drip Investor. He pushed TYC and BPOP (Banco Popular de Puerto Rico). Of course, they've both kinda sucked. I still like DRiP programs, but I stopped reading his newsletter. It now goes straight in the trash and the $65. annual subscription sits on my 1040 as a deduction.
How do the rest of you pick what you like and what you buy?
I have put this link up here before. It's the NAIC (National Association of Investors Corporation). They are an investment education organization. They have a great investment philosphy and a solid track record. Membership includes, among other things, a subscription to their magazine named 'Better Investing'. If you are serious about learning how to become a long-term investor, this is the organization. Even if you don't believe in or follow their methods, they do have some excellent information.
I'm a newbie to the stock market. Have some Continental Airlines that I bought at 14 after 9/11. Until yesterday it'd been trending down but it's still holding at about 23 now.
Other than that it's 401ks, IRAs, and some Tribune stock and stock options.
Originally posted by ElDiabloJoe My best were HD and WMT. My worst? LU.
EDJ
GO HOME DEPOT!!!!!!
I have a Financial Advisor (www.salomonsmithbarney.com) manage my money/stocks. I don't have the time, patience, or knowledge to figure everything out. I hear both pro and con about Advisors but they have been ok for me so far, even though I have lost $$ in the past year. But, who hasn't lost money though?
Originally posted by Boone
I don't have the time, patience, or knowledge to figure everything out.
Boone,
That's the beauty of the NAIC. Their philosophy and methods are very simple to follow. They have a magazine, books, web sites, online forums, and software that teach it all. Plus they have state and local chapters where classes are taught on their subject matter. Plus there are clubs you can join and you will find people in the same situation as you.
Even if you have an adviser it is good knowledge to have so when they call you with ABC information about stock or mutual fund XYZ you can understand what they are talking about.
Knowledge is power. Whether you are learning about stocks or Tundra's
Good Luck,
Jeff
PS. It's not an actual loss until you sell. If you do not sell than it is just a 'paper' loss. At least that is the way Uncle Sam looks at it. Sometimes you can sell and use those losses to your advantage.
belive it or not, I did well with the Boston Beer Co. (sam Adams) Got nailed on SGP today
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