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re: IF you had 75k laying around what would you do with it?
Posted on 1/9/09 at 4:40 pm to BHSRAMS
Posted on 1/9/09 at 4:40 pm to BHSRAMS
quote:
Would like to invest half of it but I'm not very knowledgable about this.
When I was young I had a very simple rule of long term investment that served me well. Invest in companies...blue chips...that you are confident will be around for 30 years.
My picks were Texaco (now Chevron) and Proctor and Gamble.
It's a simple "buy and hold" strategy and it's safe, doesn't require broker fees and you can always buy another non related stock...I bought United Technologies last year.
1
Posted on 1/9/09 at 7:01 pm to Zach
Yeah, the 'buy and hold' strategy has worked well for folks the last couple of years. 
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