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What would be a great stock to my for my son? |
or any investment ideas for my son? I want to invest in something that will help my son when he gets older. College IRA You should buy into a aggressive growth mutual fund. Buying a single stock is risky, because if something happens with that company you can lose some or all of your money....remember Enron. The people who lost all of their investments were the ones who just had Enron stock in their portfolio. With a mutual fund, in the event that one company collapses, then you incur a smaller impact on your investment. How about Mickee Dees' Cal-Maine looks promising. XLU, it's a basket of utilities with a good dividend. No investment is bad or good it all depend on how much risk you can take.As your time horizon is long and if you are comfortable with ups and downs then invest in agressive mutual fund.I will prefer portfolio fund because it is a fund of fund and gives you enough diversifivation. Better go with Mutual fund As guys suggested, you may go for mutual fund. If you are specific about stocks, you may consider buying GE (General Electronics), Sears Holdings (SHLD). just buy and forget them. i think should invest in unit linked saving scheme. take advise of financial planner. like icici, hdfc and so on. Reliance Industries, RPL, Reliance Capital... for long term they will give you handsome returns buy a mutual fund, real estate and power based,and then forget it for nex 15 years or so.. Invest in L&T and ICICI Bank. Both of these have a great potential to give good returns in the long term. |
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