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securities anyone?


Tom Isern
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Anyone following Buffet's advice and buying? Escorts should know that as self-employed folks we can open both a traditional and a SIMPLE IRA and stash away tax-free more than $15k per year in the two--$5k for the former and $10,500 for the latter. The ROTH is an option for after-tax income.

 

I'm aware that dollar cost averaging into mutual funds is the traditional way to save for retirement, but I keep it interesting by buying stocks. Below is the list of companies I've been watching and buying at low prices. They may even get cheaper! Anyone want to share their list?

 

Nokia NOK

Novartis NVS

Glaxo GSK

Burlington Northern BNI

Boeing BA

Starbucks SBUX

Apple AAPL

Canadian National Rail CNI

SEI Investements SEIC

Charles Schwabb SCHW

Citibank C

Netflix NFLX

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> Wish I had the stomach to gamble some on NYSE:F.

 

Me too! I was sure I had missed the boat at $4, then it blew through $2 like poo through a goose. It's come back a little but, as long as the Ford family is calling the shots, the company twists in the wind. When Bill Ford became Chairman in 1999, the family's stake was worth more than $2 billion. It's less than a tenth of that now, but they've still got 40% of the voting rights. Will they cede control after a hundred years? Right now, the market doesn't seem to think so.

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I was fortunate to have moved to a larger than usual cash position in my trading account before the Lehman bankruptcy. That gave me the flexibility to play the volatility. I successfully played violent swings in AIG twice; didn't try for a third; I'm not that good. In the last two weeks, I bought stocks twice on days the market collapsed, and sold into the violent rallies. Most recently, I put some cash to work:

 

Bought PRU @ 30; sold @ 48

Bought MS @ 8; sold most of it when it rallied into low 20s

Bought GOOG at 310; sold it after earnings at 380

Bought AAPL at 97, CHK at 16, and FCX at 31; time will tell......

 

Good luck guys!

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What do people think of the following?

 

Fannie Mae? FNM Now hovering around $1

Freddie Mac? FRE Also hovering around $1

 

There are also some financial sector stocks (banks) that are as cheap as they're gonna be, assuming they don't go insolvent....

 

I'd also stay away from consumer stocks because - with the exception of Walmarts & Costco's of the world which are doing pretty well - the expected slow down also means less consumption ranging from everything from Starbucks to Macbooks.....

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Hi Wild, I think it depends on your strategy...mine is long-term, so I don't mind a sector that might be slow for the near future, if I think there's long-term possibility. AAPL is a good bet, there, I think. The guys at MotleyFool agree with me on that one, by the way.

 

As for the Fannies, I bought FNM when I thought it had hit bottom around $3, and it appears I may have lost a shirt, so to speak. But I'll hold on to it and see what happens.

 

Google is something I'd like to play with too, but I'm averse to stocks over $300/share, even though I know that is TOTALLY irrational.

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>Anyone following Buffet's advice and buying? Escorts should

>know that as self-employed folks we can open both a

>traditional and a SIMPLE IRA and stash away tax-free more than

>$15k per year in the two--$5k for the former and $10,500 for

>the latter. The ROTH is an option for after-tax income.

>

Another option for the self employed is the SEP - Self Employed Pension plan. It has to be your only pension plan and you can sock away up to $45K (20% of salary up to $225K).

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