Edit for January, 2013:
Note that this thread started in 2008. I can hardly believe it has been so long ago. Back then, I had a diversified portfolio, as is generally recommended. But eventually, I became disgusted with all of my holdings and turned more and more into Apple. *Before* the recent fall from $700, the worth of my Apple shares had increased by 475% and I had planned to leave my investments in Apple for a good long while. But now, of course, we all know what has happened, and though I haven't sold any of my Apple shares yet, I suppose that will happen, and I will need other stocks to buy.
I suppose
jcoley would give the same advice as before, if he is still posting here these days, to buy ETFs. I am grateful for any advice, and I have looked into ETFs from time to time. I like stocks that I can buy and leave, without managing them. I expect them to go up and down, but as long as the main trend is *up*, I'm okay with leaving them to do their thing over the long haul (say, five years). I saw comments about a stock called Synageva BioPharma recently, which apparently has been up 19% of late. Anyone know anything about that one?
The comments below were made back in 2008. And btw, if the advice you gave then is *not* what you would say now, please let us know. By the same token, if your advice turned out well, and if you would still give the same recommendations, please let us know that too. Thanks.
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2008
Well, with the market crashing every other day, I'd like to know of five or six stocks that are good, and likely to remain so,
even if they are really down in price right now. That's the whole point, of course, to buy good stocks when the price is low.
I first got into the market a decade ago when there was a 500-point decline. That's exactly when I like to buy. So, if you don't mind, I'd like to know of some stocks that you think will do well over the next few years, despite the turmoil in the market at present.
Some people are very secretive about recommending good stocks. I hope at least some of you aren't that way.
What do you think of stocks like Amazon and Costco? I was hoping to be ready with some stocks all nicely researched for when the bottom dropped out of the market; but I'm not ready at the moment. So that's why I am asking *you* for some possible suggestions... five or six stocks that are likely to do well over the next few years. And if you wouldn't mind, please explain why you think they are good and likely to grow.
Thank you so much for any ideas.