11 Jan 11
Originally posted by whodeyHow about 2000 shares of Citigroup Inc? Trading at just under $5/share and finally coming back to life after the big crash. It was about $50/share at the end of '08.
If it were me I would invest it directly into the "Whodey" fund. Just PM me for the details!! 😛
11 Jan 11
1 edit
Originally posted by SleepyguyInvest in the same people who brought the $50/share down to $5/share? Er.....um.....no thanks.
How about 2000 shares of Citigroup Inc? Trading at just under $5/share and finally coming back to life after the big crash. It was about $50/share at the end of '08.
I would stick with commodities.
11 Jan 11
Originally posted by SleepyguyI think you might be on to something here, but I'm also thinking you're missing the price throughout '08. Last time it was in the 50's was back in '07. Now that the government is exiting, there may be a healthy uptick in the stock.
How about 2000 shares of Citigroup Inc? Trading at just under $5/share and finally coming back to life after the big crash. It was about $50/share at the end of '08.
11 Jan 11
1 edit
Originally posted by FreakyKBHIf you think that gold is going to 2000 in the next 4-5 years, which is a no brainer, think about Angico-Eagle (AEM). Simply put, they are the best at what they do. Another stock that has already had a good run is Freport McMoRan (FCX).
Such as... ?
I see leisure is making a good run, as is Ford, GM.
Also consider energy such as a Natty gas stock or maybe a solar stock. First solar (FSLR) is one of the best.
Of course, if your doing mutual funds then find one with a fund manager who has a good record over the years whose focus is energy and/or precious metals.
I would shy away from GM if I were you. They have already been bailed out twice by the government. As for Ford, they have already had a good run. The questoin then becomes, how long can it last?
11 Jan 11
Originally posted by FreakyKBHSpend it, the way gummint devalues dollars that you hold through inflation you're better off not holding any, in fact don't only spend the 10k, borrow more to spend as well. 10k almost covers my latest purchase, a late model KTM Superduke, a few more dollars for some rowdy pipes and she'll be good to go for blasting past car door handles at 200, great for snapping dozy cage drivers out of their dreary drudge.
If you had $10K today, where would you invest it for the next year?