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oregonjoy
Joined: 14 Nov 2006
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 Posted: Tue May 06, 2008 9:56 pm Post subject: What to do with $ |
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Just thot I'd toss this in.
Open a DRIP or 3 with blue chip U.S. firms like ExxonMobil, Coke, WalMarat. Go to computerhshare.com for info. There are many others.
Each month, buy a bank check at Korean Exchange Bank for $5 (for up to $500), walk to nearby post office, send a registered or certified letter to Computershare. Then sit tight.
Buy blue chips and hold.
That's what I do. If the exchange rate is good, that helps.
I'm almost ashamed to own Exxon as a tree hugging Oregonian, but we'll need oil as long we are on this planet. Exxon is the world leader with the most astute management team in the industry.
I even think Ford is a good buy now at $8 a share. Ford has more $ in the bank than Microsoft and is streamlining. It may take 4-6 years, but it should be trading about $30 a share at least. Good long term play I think. It's an American icon. Great trucks. Energy aware, etc.
Just pick a solid blue chip and ride it. |
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Evanzinho
Joined: 10 Apr 2008
Location: California
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| Posted: Tue May 06, 2008 10:26 pm Post subject: Re: What to do with $ |
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| oregonjoy wrote: |
Just thot I'd toss this in.
Open a DRIP or 3 with blue chip U.S. firms like ExxonMobil, Coke, WalMarat. Go to computerhshare.com for info. There are many others.
Each month, buy a bank check at Korean Exchange Bank for $5 (for up to $500), walk to nearby post office, send a registered or certified letter to Computershare. Then sit tight.
Buy blue chips and hold.
That's what I do. If the exchange rate is good, that helps.
I'm almost ashamed to own Exxon as a tree hugging Oregonian, but we'll need oil as long we are on this planet. Exxon is the world leader with the most astute management team in the industry.
I even think Ford is a good buy now at $8 a share. Ford has more $ in the bank than Microsoft and is streamlining. It may take 4-6 years, but it should be trading about $30 a share at least. Good long term play I think. It's an American icon. Great trucks. Energy aware, etc.
Just pick a solid blue chip and ride it. |
I agree with buying Blue Chips and holding, but I don't think buying Ford is a good idea. ExxonMobile, yes, Walmart, big yes, but Ford? With all the reported losses in the American auto industry, why would you even consider Ford stock. Better to look into a blue chip which pays a dividend and hold onto it for the long run. If your crystal ball says Ford, then load up, but be prepared for a wait (much longer than 4-6 yrs IMO). They're cutting dealerships and having trouble bringing new models to market.
Then again, I'm an ESL teacher, not a financial planner. Those on here looking to invest should probably seek help from other sources!  |
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poet13
Joined: 22 Jan 2006
Location: Just over there....throwing lemons.
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| Posted: Tue May 06, 2008 10:36 pm Post subject: |
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| So what is a DRIP? |
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JongnoGuru
Joined: 25 May 2004
Location: peeing on your doorstep
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| Posted: Tue May 06, 2008 10:40 pm Post subject: |
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Dividend Re-Investment Plan.
GD it. |
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poet13
Joined: 22 Jan 2006
Location: Just over there....throwing lemons.
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| Posted: Tue May 06, 2008 10:45 pm Post subject: |
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| AH, makes sense. I was thinking of things you get from dirty girls see.... |
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crsandus
Joined: 05 Oct 2004
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| Posted: Tue May 06, 2008 10:58 pm Post subject: |
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| I like the DRIP idea but I have only one thing against it. Computershare's website kind of blows. It was mediocre when the site was Equiserve, it sucks even more as Computershare. It's not a bad site but transactions take too long to post online and actual browsing through the site feels like a pain. |
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oregonjoy
Joined: 14 Nov 2006
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| Posted: Tue May 06, 2008 11:12 pm Post subject: Re: Ford stock |
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Good points.
I'm no expert, either.
But I just read in the IHT where some guy invested $100 milion in Ford stock. He said he expected a big, big hit in 4-6 years.
Ford has been a dog for a long time. And I guess if u hold anything long enough, it will go up some.
And I get pissed that Ford pays no dividend. It used to.
But it has a new boss that revamped another company, sorry can't recall name, and they seem to be slimming down to focus on the Ford oval, ie, do what they do best.
I just think they make a hell of a truck, are as American as apple pie, and that there is alot of room for growth in the stock price. The Ford Escape rocks and has gotten rave reviews. |
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reactionary
Joined: 22 Oct 2006
Location: korreia
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| Posted: Tue May 06, 2008 11:58 pm Post subject: |
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| any other ideas? i've got 10-20k i could do something with. |
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