is now the time to buy stock in gm?

  • Thread starter Thread starter Matt K
  • Start date Start date
M

Matt K

Guest
i would like to buy some ford stock seeing that its at 1.99. i am 24 years old and never did anything in the market. i would also be very appreciative if someone would educate me on stock and how they pay, etc. thanks!
 
Great idea if they don't file for bankruptcy protection.If they bankrupt you will lose your money.
If they make it you will eventually make money.
Just never invest anything that you cannot afford to lose.
 
I see ford going a little further down. Im waiting till it goes near 1.50 then Im buying. All you have to do is open an account somewhere that does not require a minimum to open and is cheap. Tradeking seems to be both of those. Anyway, to answer your question yes that stock is a good one Ford that is not GM, because Ford has been around for near a century and will continue. They made huge mistakes by building so many trucks and not expecting the gas problem. Thats the only reason there doing the worst out of all of them. At the current price I would say only buy 100 shares and sit on them. Its going to take about 3 to 5 years before there stock goes back to 50 or 60 bucks. Its not much on 100 shares but atleast if it doesnt reach that mark price then you only lost 130 bucks. Dont invest anything that you need for bills or need a quick turn around on. Because, currently there is no current turn arounds in this market everything is up in the air.
good luck.
 
on the one hand, now seems like the PERFECT time to buy in on almost anything, since the market is so bad that practically everything is at a cheaper price than it normally is. The trick is, knowing whether we have hit "rock bottom" yet or at least somewhat close to it such then if you buy in now, you will in fact make a profit since what you buy will eventually be going up. BUT...if things are just going to get lower and/or if you buy now, but it takes a good 20-30+ years for you to see a profit worth talking about, then that is not good either. It all boils down to how much you have to spend and what your risk level is (e.g. whether you are looking for a quick turn around or are willing to wait it out of for the long haul).
 
If you are 24 and can sit on this stock for years to come...
then go for it. Buy as much as you can and then leave it sitting there.
It will probably drop some more but chances are FORD will come back up and they are working on cars that fit the gas bill.
 
Back
Top