MakeItHappen 15 #1 October 10, 2008 A lot of stock prices are freefalling to new lows. That's ok because it presents a very good buying opportunity. GOOG is down by 50% GS is down by 50% and Warren Buffet just bought stock in them. What industries would you buy in the near future? I think that the companies that make 'must haves' would be the best bet. Things that people must have everyday. stuff like, toothpaste, TP, soap, food, gas food being the cook at home type stuff, not restaurants or prepared meals in the frozen food aisle Things that people may DIY instead of hiring a contractor. PG is only down 17% and pay dividends. XOM is down to its price of two years ago - and they pay dividends too. CPB has dropped, but only a little bit. Anything that people use discretionary income on would be out. So what would you buy and why? What are some of the other 'must have' products or services in your life? .. Make It Happen Parachute History DiveMaker Quote Share this post Link to post Share on other sites
TrophyHusband 0 #2 October 10, 2008 i just don't know enough and don't have enough of a portfolio to buy individual stocks. my wife and i are currently in a debate right now though. we should be getting orders next summer and will have to sell the house. my wife wants to stash away all the cash we can to the tune of $1500 $2000 a month in case we can't sell the house and have to carry the payment after we move. i want to save about half of that in cash and put the rest into her ira. i also have a 401k that i could roll into something else and contribute to as well. if you know what you're doing with individual stocks, you could clean up. i would bet that most of us don't know enough to do that though. "Your scrotum is quite nice" - Skymama www.kjandmegan.com Quote Share this post Link to post Share on other sites
billvon 3,116 #3 October 10, 2008 >Anything that people use discretionary income on would be out. Why? These are the stocks that will get hit the hardest, and thus will see the largest recovery when the market turns around. Container stores and rental storage are my favorite example of a demand that only occurs in a good economy - people have so much stuff they can't store it all. Quote Share this post Link to post Share on other sites
pirana 0 #4 October 10, 2008 I say now is a time to buy as well as to hide. You just need to hide from and run to the right things. I moved out of all hospitality, retail, financial, heavy industry, etc last fall. All existing money went to a safe haven for now. All new money is buying up as much as I can in high-tech stuff, biomed, wireless, hardware & software, chemicals, etc. When the economy comes back, these are the things that will explode. If I play my options right I'll be retiring early (at the peak of the next up cycle)." . . . the lust for power can be just as completely satisfied by suggesting people into loving their servitude as by flogging them and kicking them into obedience." -- Aldous Huxley Quote Share this post Link to post Share on other sites
miked10270 0 #5 October 10, 2008 Quote So what would you buy and why? What are some of the other 'must have' products or services in your life? . I still think that the very top of "disposable luxuries" will flourish... So stuff like Rolex SA will be good. Otherwise, "Budget" suppliers like Lidl or Aldi will see an upturn in turnover. But what do I know!!? I retired thanks to low standards rather than massive success.Mike. Taking the piss out of the FrenchAmericans since before it was fashionable. Prenait la pisse hors du FrançaisCanadiens méridionaux puisqu'avant lui à la mode. Quote Share this post Link to post Share on other sites
kelpdiver 2 #6 October 10, 2008 since everything got hammered this month, and it's not so clear which individual companies will blow up, it feels like a time for a bucket approach - VTI, QQQQ. Be cautious making the choice based primarily on the dividend - Bank America cut their's in half earlier in the week (wise move for the company), which devastated the price. Another reason for a broader ETF. Quote Share this post Link to post Share on other sites
headoverheels 334 #7 October 11, 2008 I would buy more J&J in this market, but I already have a lot. Maybe PG as a similar type of company. I bought a couple of stocks in that last week, and am already down $10k on them. Quote Share this post Link to post Share on other sites
Gawain 0 #8 October 11, 2008 I've been pondering that too. We're on the same page, I've been thinking about GE, Proctor & Gamble, Verizon, Colgate-Palmolive, Hormel and Caterpillar. I've also been increasing my holdings of Exxon, Burlington Northern, Entergy, United Technologies, Lockheed Martin, and Terex... I'd like to see who's going to win the fight over Wachovia, though I've accepted my loss in that company. Pharmaceuticals is an industry I would like to dip more into, but my gut keeps telling me to avoid it... Bershire Hathaway Class A share a $113K/sh...Class B $3700/sh... So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
