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re: Newbie investing in individual stocks
Posted on 2/12/13 at 7:11 pm to LSUtigerME
Posted on 2/12/13 at 7:11 pm to LSUtigerME
I don't understand the consensus advising not to purchase individual stocks whatsoever. I'm not looking to "day trade", merely diversify my current assets, which consist nearly entirely of a 401k and liquid savings. Hypothetically speaking, If I want to throw some extra capital into an individual stock such as GE, Exxon or even Apple, with a goal of holding for a while, why is that not advisable...?
2
Posted on 2/12/13 at 7:29 pm to Jwodie
quote:
Hypothetically speaking, If I want to throw some extra capital into an individual stock such as GE, Exxon or even Apple, with a goal of holding for a while, why is that not advisable...?
I say go for it. People say to buy an index or ETF because they have historically outperformed those trying to pick individual stocks. I own mutual funds, ETFs, and individual stocks. Just do your due diligence on the company. I'd start by investing in a mature megacap like those you've mentioned. Good luck.
This post was edited on 2/12/13 at 7:32 pm
Posted on 2/12/13 at 7:39 pm to Jwodie
quote:
Hypothetically speaking, If I want to throw some extra capital into an individual stock such as GE, Exxon or even Apple, with a goal of holding for a while, why is that not advisable...?
If you REALLY want to, then do it. However most people suck at picking individual securities. Even among professional fund managers (who are supposed to be expert investors), around half tend to underperform the market.
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