08-18-2007, 05:29 AM
I concour with Brian. I started investing in the market at 4,000, it's at 14,000 now. I don't invest in mutual funds because I don't want to have tax liabilities when the fund manager decides to sell something from the fund, but index stocks and stocks with low P/E ratio are pretty safe investments.
People jump to conclusions quickly. Countrywide lost like 30% of its stock price this week but how can anyone go wrong with aa 11B market cap company with a 6 P/E. (Yes, I bought 500 shares at $16.00.)
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,RB
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
People jump to conclusions quickly. Countrywide lost like 30% of its stock price this week but how can anyone go wrong with aa 11B market cap company with a 6 P/E. (Yes, I bought 500 shares at $16.00.)
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,RB
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"