I have 10 000$ and 7 months, I need to buy stocks to increase that money. It is a school project.?
So far I am thinking to buy Citigroup INC.
What else can I buy?
I have to buy now and hold until next May (May 2009)
Some companies you can consider is AES, Apple, AMT, ODP(Office Depot), and sears as they have enjoy some gains in these tough times.
Note: Citi had a great run up of their stock today, so while there is some upside potential, you missed a great buying opportunity not getting in at the open. If you get to use Friday's close however, load up on Citi - it went up HUGE! To the person above me - Citi did not file for bankruptcy, and neither has any insurance company. Anyway - here goes.
Lets start with the sane stuff - good solid American companies that tend to do well in all kinds of markets.
Colgate Palmolive
CAT
GE
Archer Daniels Midland
Eli Lilly
McDonalds
Wal Mart
Wells Fargo Financial
John Deere
Now for some fun risky stuff. Check with the rules to see how dividends are accounted for - this is profits that are distributed to shareholders, but they won't show up in the stock price.
If you get to keep your dividends: RGM is the symbol for GM preferred stock that trades just like the stock, but every six months a dividend is paid out. Right now, the dividend is about a third of the share price - so if you get that as profit to your account in the game, it's a good play. Also, with the same strategy, look at Public Storage preferred stocks. There is a lot of profit to distribute in that business, and you would likely do well
Other stocks that are totally risky, but it you get it right you could get rich quick:
GM
CROX - these are Crocs shoes - trading very low right now, but they are expanding their line, and building more stores.
Genworth - this is an insurance company, with lots of profitable subsidiaries. If they can figure out the management, they should be ok
Can you trade penny stocks? These are two companies that trade at a fraction of a penny per share - I bought 25,000 shares one time for a fraction of a penny each - but if it goes up to a penny, I make money.
Phantom Entertainment: (I think their symbol is PHEI.OB) They have been trying to make a game system that works like pay-per-view movies. Its a great idea if it works.
Also, Seahawk Oceanic Exploration. This company looks for treasure shipwrecks. Now is hasn't found any yet, but if it does . . . .then the stock would certainly go up!!!
It depends on the rules of the game as to what you can do. It may be worth it to also see if you can get help from a local financial advisor - that is someone who is in the business of helping people buy ad sell stock - as well as reaching their financial goals. Since it's for a school project, likely one will spend a little time with you - or at least invite you to the office to learn about the business some.
#If you have any other info about this subject , Please add it free.# |
