Down but about to rebound? Only stock picks
- Thread starter morris
- Start date
On what?
Too high. It was $23 a month and a half ago. All time high for AMD was $39 and that was during the tech boom. I think it will drop in a few days. News and hype right now.
Appreciate the feedback. Looking at long term investment so if ya get word on amd or anything else that’s looking hot. I’m willing to lose a grand no issues... but looking to put something down.
If you want long term you should look at dividend stocks. I'm thinking of making a thread about that. Look at the Dow 30. Most are blue chip stocks that have high dividend yields. It's getting rich slowly though.
I'm still learning!
ahomeplateslugger
Superstar
i think it'll eventually crack the 30s and hit mid 30s at most. i bought in at $18 and just sold this morning when it hit $29. i wouldn't advise buying now. just buy some high dividends stock with your money if you are in it for the long run.
I bought in at $23 and have about a 28% gain. I think I should take profits myself. Why did you sell instead of holding here?
ahomeplateslugger
Superstar
i bought in at $18 so the profit was good for me. i didn't wanna wait a few months until it cracks 30 plus it's not a guarantee it's going to crack 30, just my belief that it'll hit 33-35 by end of the year. just playing it safe instead of being greedy. plus the huge spike pushed me.
Ghostface Trillah
God-level poster
Look at the dividend aristocrat stocks.
Verizon 4.12% yield on cost
AT&T 6.51%
Ford 6.6%
Coca Cola 3.41%
A grand could get you about 17 shares of Verizon which would pay you almost $41 back in dividends. At 24 shares of Verizon your dividend will buy you another share.
21 shares of Coke which pays $33.60 back at about 30 shares of Coke your dividend will buy you another share.
15-16 shares of AT&T will pay $30.60 which is about enough to buy another share. Same with Ford. 16 shares buys you another share.
Your $1000 will get you 109 shares of Ford which pays $65 which buys you 5 more shares.
You reinvest the dividends to buy more stocks while you buy more yourself. It snowballs from there.
I own all the stocks I listed simply for the dividends they pay. They're all long standing companies who typically maintain enough cashflow to maintain the dividend but Ford and AT&T would be the most troubled of that group to me.