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Old 06-27-2000, 09:28 PM
richard2 richard2 is offline
Join Date: May 2000
Posts: 101
what's everyone buying? i just bought a bunch of DRUGSTORE.COM, what funds are other people looking at?
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Old 06-27-2000, 10:15 PM
Toroguy Toroguy is offline
LawnSite Bronze Member
Join Date: Mar 2000
Location: Sacramento CA
Posts: 1,075
richard,<br>I buy value stocks, and time the market for corrections. You pay short term capital gains tax but keep hitting the 10-20% gains and out.<p>I tried the long term approach, doubled my money on AMTD and CPQ, only to watch it go away. Short term approach works for me now.<p>I Dont play Funds or shorting or buy on margin. Good Luck.
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Old 06-27-2000, 10:25 PM
Lazer Lazer is offline
LawnSite Bronze Member
Join Date: Jan 2000
Posts: 1,446
It's an IRA!<p>You can only put in 2000.00/year, 4000 with your spouse and you don't take it out until 59+.<p>I started when I was 24 and our IRA's have done well, but it's still too little money to buy individual stocks. <p>Buy funds, you pay the fund management +/- 1% to pick and trade those stocks for you. You think you can beat these top fund managers over 30+ years? I doubt it.<p>Don't get me wrong, I do have an ameritrade account that I trade with, especially during the off-season, but I leave my retirement with professionals.<p>American, Janus, Kemper, Franklin Templeton and other fund families are all good investments.
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Old 06-27-2000, 10:33 PM
Nilsson Associates Nilsson Associates is offline
LawnSite Member
Join Date: Dec 1999
Location: Connecticut
Posts: 243
70% in mutuals, spread between the top 5 funds, make sure they don't all pick from the same pile of stocks, 10% high speculation and 20% in cash stashed under your pillow.
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Old 06-27-2000, 10:45 PM
SKDCO SKDCO is offline
LawnSite Member
Join Date: Jun 2000
Location: East Tennessee
Posts: 88
Phillip Morris; They own Kraft foods, Miller Brewing, And of course they mfg. cigarettes. They also purchased Nabisco Foods just this week. Also look at municipalities.
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Old 06-28-2000, 12:16 AM
CA Enterprises CA Enterprises is offline
LawnSite Member
Join Date: Feb 2000
Location: Clovis, New Mexico
Posts: 82
JANUS...JANUS...JANUSS...!!!!!!<p>Need I say more. Check their website. Great performers!!!!!<p>Adam
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Old 06-28-2000, 09:49 PM
thelawnguy thelawnguy is offline
LawnSite Silver Member
Join Date: Dec 1999
Location: Central CT
Posts: 2,412
Stocks in an IRA are an accounting nightmare (or so I have been told). For IRA stick with mutual funds, type will depend on your age and risk tolerance. The closer to retirement, wisdom dictates the more conservative the investment. Myself, I have 25 years before I can touch my IRA so its divided among global funds and aggressive growth funds. <p>Bill
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Old 06-30-2000, 04:11 PM
GrassRoots Lawn Care GrassRoots Lawn Care is offline
LawnSite Member
Join Date: May 2000
Location: New Smyrna Beach, FL
Posts: 156
I recommend an Index fund for retirement. Janus Funds are also great performers. <p>----------<br>Mike Reynolds,<br>GrassRoots Lawn Care, Florida
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