My inspiration was Warren Buffett, he said
Be fearful when others are greedy, and be greedy when others are fearful
Greed is what ruins anyone, control the greed and the success will come (in theory). So first your wondering where did i get the cash from, well i had planned on buying a new laptop, but it didn't really make sense. So instead of just handing over the cash to apple, why not try to do some proper investing.
I'm a firm believer in not trying to be too clever, there is only one sector i really know anything about, Technology. I planned to do a mixture of short term buys combined with some long term investments.
Sensible Investments
Apple or AAPL was one of my long term buys. Currently trading at sub $100 only a few months ago this stock was floating around $200. The company has low debt, and good sales, so it sells itself.
Sun or JAVA is a little more of a risk, the stock is trading low at the minute, mainly because of the credit crunch (read: can't borrow cash to buy servers), so there is a fair chance we might see an upturn in the next few months.
Crazy Ones
Lehman Brothers LEHMQ, first your thinking, but they went belly up. Yeah, they did, and there stock is trading at $0.067. Tempting ....
AIG, This is a stock that at one point as $70 it's now $2. What's the worst that could happen? But seriously, they have over a Trillion dollars in assets, and their stock is in the tank thanks to losing $8 billion in the last quarter.
RBS, This is an example of the fact that i actually know nothing. I picked RBS in my google finance portfolio about two weeks ago. at the time it was £0.90. At the moment it's £0.64, i lost 28%! Theoretically! Dangerous game this
One Day
Berkshire Hathaway BRK.A. The company of the great Warren Buffett, it's 1.55 million shares trade at $113,000 each!!! Just a tad out of my league.
Basically this stock thing is crazy, extremely risky and a money pit, but i can't wait to get my hands dirty (not in an Enron way!).
Good luck to any fellow investors.
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