Did I create a good portfolio??
Question:
I am currently investing in stocks from Microsoft, exxon,sirus satelite, johnson&johnson, S&P500. Lehman Agg Bond Fund IShares, Citigroup Inc, Randgold Resources LTD-ADR (gold mining comp),and General Electric. There is no minimal balance required to start... All in All we have about $300 invested. Am I heading in a good direction?? I dont have any investing experience. We are looking for long-term gains, not "get rich quick"
Thanks for any advice!
Answer:
Pay off all debts first. Hold a savings acct to use for emergency needs, vehicle purchases, home repairs, vacations, etc.
Replenish this as it is used.
After that, Extra money could then be applied to these DRIP accounts
Paying a credit card off that charges 19% interest is a guaranteed return of 19%. no stocks can do this on a guaranteed basis.
same with eliminating Auto-loan payments.
yeah you really did,but to be honest with you i don't like pictures with santa but that picture is so good i wish i had a picture of it in my own home.
It looks like a good solid portfolio that covers all the bases. Congratulations, especially sinceyou are inexperience and chose long term goals.
I hold several of these stocks and think you are choosing very wisely. And long term gains is exactly what you want.
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