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Buying stock long term
Posted on 6/24/14 at 10:05 am
Posted on 6/24/14 at 10:05 am
I have some excess income that I want to start investing. I'm not really into researching companies. If I plan on buying and holding long term, is it a bad idea to go with high dividend yielding blue chips and wishing it well?
3
Posted on 6/24/14 at 10:10 am to CrackingCodes
It's a great idea. give me a second and I'll give you a good list.
quote:I am. haha
I'm not really into researching companies
This post was edited on 6/24/14 at 10:18 am
Posted on 6/24/14 at 1:46 pm to CrackingCodes
My grandma just gave me $100 for my birthday. I spent it on video games. This stock thing sounds wiser
Posted on 6/24/14 at 7:10 pm to CrackingCodes
If you are insistent on investing in individual stocks, and don't want to research the companies... then yeah, solid blue chips would be your best option.
But I would advise against that. If you are going to invest in individual stocks, you need to learn and understand what you are investing in. If you are not willing / don't want to take the time to work on it, do yourself a favor and get an S&P 500 index fund.
But I would advise against that. If you are going to invest in individual stocks, you need to learn and understand what you are investing in. If you are not willing / don't want to take the time to work on it, do yourself a favor and get an S&P 500 index fund.
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