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Thread: $10,000/10 stocks

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    Veteran Member jessica_rabbit's Avatar
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    Default $10,000/10 stocks

    If you had $10,000 to invest in the stock market (U.S.), and wanted to create a pretty diversified portfolio, what would be your top ten picks?

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    Banned Melonie's Avatar
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    Default Re: $10,000/10 stocks

    I'll take a flyer at five 'gambles' - with no intention of seeking diversity for its own sake ! Also, it's not realistic to invest less than $2000 in one stock purchase because the commissions will make a big 'dent' in the potential returns.

    I'd put 2 grand into FXE etf shares, another 2 grand into SRS etf shares, another 2 grand into VLO, another 2 grand in LAM.TO, and maybe the last 2 grand into IBM (based on the massive layoff rumors) !

    ~
    Last edited by Melonie; 05-05-2007 at 05:18 PM.

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    Default Re: $10,000/10 stocks

    Are you investing long term? At what point will you sell if the market tanks next week? How often will you check your gain/loss?

    I'm an options trader and personally wouldn't put my capital into a stock when I can control 100 shares of that stock for a fraction of the price. However, my two cents:

    In order to hedge against the devaluation of the US Dollar, look to commodities and commodity based stocks. Oil. Steel. Utilities. Healthcare. During a recession we still consume these. You can trade the etfs to protect against gaps (OIH for oil, IYM for steel, I forget the etf for utilites, IYH for healthcare) I've been watching VLO for an entry signal for 2 weeks, it's overvalued right now, should retrace back to support and bounce next week. MRO is another good oil stock. I entered X last week and ATI this morning (both steel companies) I've been waiting for an entry signal to buy FPL and I'm in CEG for utilities. I got stopped out of WCG (healthcare stock) with a small profit last week, got signal today to enter a new trade on it. Oh I forgot Gold and Silver. I'm in CEF. It's an etf that is 98%gold and silver bullion. It moves the same as GLD and SLV but is only $9 a share (compared to $100+)

    I'm also with melanie on fxe as a hedge against the declining dollar. However, the Canadian dollar is climbing and their economy is heavily based on commodities. Check out FXC.
    Rebecca Avalon







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