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Originally Posted by hulababy
Just wondering what companies one thinks it is a good time to invest in? Our planner suggested AT&T or waste management or Johnson and Johnson?? Not sure about any of these. also what about oil drilling?? would now be the time to possibly invest in a private company??
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I've got all 3. A few years ago I got completely out of the market, but then you couldn't make anything with CD's or money market so as advised my a very successful friend of mine, I bought dividend stocks. I only bought stocks that paid between 3% and 5% and were very highly recommended by the one newsletter I subscribe to. I'm very happy with the results for the past year and half or so since I started. Out of 19 stocks only 2 are slightly down. I created a watch list and decided on a buy price based on the last year or so performance. I waited for a very down day on the market and bought. I'm not very knowledgeable about terms and such on the stock market so I avoid things I don't understand. Been working very well for me.
I got turned off by mutual funds because I couldn't buy at a price I wanted because I had to wait for the closing price at the end of the day and the same for selling. Also you have to hold the stocks for quite a while to avoid early trading penalties.