I'm 67. Have a self-directed IRA broderage account. Have $1000 to invest. Any suggestions as to which stock
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Any recommendation you get here would be irresponsible and you should ignore it.
Each incremental investment must be made inthe context of your overall situation. You might have $2mill in stocks, funds and bonds in your IRA and now you find $1000 in free cash you want to invest. Or you might have an IRA with only $12,000 in it.
You can get a lot of ideas online - here are some good leads - the Yahoo stock screener is OK for hi-div stocks, but beware. Sometime companies pay a special 1-time div and it skews the apparent payout % rate.
The QuantomOnline link is a great way to check out a lot of preferreds - it's not fun to buy a hi-coupon pfd at $27 then get it called a month later at $25. yuo can be forewarned of this by the detailed info on each issue in Quantum.
Good luck and caveat emptor.
ticker symbols DD, CF, MOS, SYT, TNH, TRA, DE, TSCO, CECO, LSB
GGN pays about a 6% dividend. SLW willl be a strong buy if it can break above $12 on the next trip up. The energies appear poised to make a big move. XLE, IGE or OIH should be good plays. USO will likely make a double-bottom on this move down. GGN, SLW, XLE, IGE and OIH appear to be currently beginning a corrective phase from the last move up.
give it to me, im in more need of it than u.
$1000 won't get you much in the short term...ie RSP and Mutual funds would be out of the question. I would suggest what I consider to be low-risk penny stocks such as any of the oilsands or diamond mines in northern Canada right now. Considering the news lately on CNN, these stocks will only go up. Have patience with them as well as they will tend to fluxuate. Put the money in and don't look at it for about a year...it will tend to make you nervous if you do. Suncor or MBMI ... look-up those two places on google and see what you think. Contact an Edward-Jones rep, they can help to and it's free.
I am in your age bracket and tend to stick to stocks that I really LOVE . . . it's pricey but Google is a good one. Old faithfuls like McDonalds, Coke, Disney, McGraw Hill, Kimberly Clark are likely to continue to perform well and if the market takes a hit they'll have the ability to recover. $1,000 isn't much to put in the market at one time - I usually buy in blocks of at least 100 stocks but I'd say find a company that you are confident is well managed, has goods or services that will always be in demand then take a chance.
if you are 67 and only have $1000 to invest, you should concentrate on working and forget about investing, put it in the bank
Alright, I'm taking a real " shot in the dark" here...from listening to a few good analysts, and doing just a little research.I'm thinking " pharmaceuticals" are really starting to have a good year ahead. ( seems there's always one that blows the charts away with a new drug or test result lately!)
So I looked at an ETF ...PPH...for them... what the heck?..it pays like some kind of little dividend EVERY WEEK or so...
It's about an $80.00 price, but you could try 10 shares for a couple of months...see if those nickel divvys add up to anything in your " core account" after awhile...AND I'm ( almost) positive that the share price is going up.
Just a thought ... you a retired plumber and bricklayer? plumbric??
P.S. Get a " quote" on yahoo/finance, and click on " historical prices", and also on the chart...
P.P.S If you're not into that, it may not be too late to get on MEDI...they have been up, up, up all week.( takeover talks.. maybe as soon as this weekend).I've made boodles for my daughters' IRA's in the last ten days!!
Good luck...and save some cash for bait!! ( Retired guys ALWAYS " go fishing", right??) If you aren't retired, yet, you will be soon ..when one of those drug companies finds aan absolute cure for.( fill in the blank)
Did you leave off some zeroes? Your typical dividend-paying stock would provide you with $20-$25 a year on a $1,000 investment, and maybe another $60 in capital gains. You could make more by wearing dark glasses and sitting on the sidewalk with a tin cup.
you are retired invest in stocks with sizable income to bust your future earning potential
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