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If I'm investing long term, does it matter which big name stock I buy? |
I'm thinking INTC, MSFT, Coke, or McD. 10-15 year investment. donald, yes I do have a retirement fund that I will also be contributing to. Look at Exchange Traded Securities. Here you are buying an index and don't need a lot of money so that you can be well diversified. Check out http://finance.yahoo.com/etf They are a low cost and efficient way for an individual to purchase a diversified portfolio, It really does not matter which Blue Chip you invest in. The key is to dollar cost average. This has been proven to be one of the most effective long-term strategies known to investors. If you bought a big name stock like Enron, you'd realize that buying a single stock is always a gamble. You must buy a diversified portfolio of stocks, as some will do badly, even over the long run. If you are a beginner, it is best to buy no-load low costs mutual funds, such as you can get at Vanguard.com. It can. usually though if the financials are stable enough it does not matter I'd go for Coke, Johnson & Johnson or GE never, Never, NEVER invests only in one(1) stock, even if it is a big name stock. You must, Must, MUST invest in a portfolio of stocks, STOCKS with a S at the end. Remember ENRON? |
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