What is a good long term stock pick?
I am only 18 and I only have about 0 to spend. I know its not much and people have been telling me to put it into something safe like a CD or something. I already have a mutual fund but I really want to buy my first stock, I am willing to take the risk. Since the market is way down right now there must be some good stocks out there that will hopefully make me cash in the next 5-10 years.
There might be, but most investors do not seem to think so. You are right. $500 is not much. If you put it all into one stock, you may wind up loosing it or a good portion. Even putting it into a mutual fund has proved to be a loosing proposition.
Here is a listing of some stocks that in my opinion are blue chip stocks–stocks that should hopefully suffer less than most.
BDX
JNJ
MCD
WMT
PG
SYK
WAG – Solid company, solid foundation and currently at a low price.