martinezswimmer

Oil stocks have recently tanked. I'm considering purchasing more Chevron stock, (CVX). Any comments?

Miasma

They (oil stocks) have taken a beating recently but so have a lot of other companies. Some say the worst is yet to come while others say they will be rebounding within this year. Long term you will more than likely be fine. Short term may cost you though as oil could stay on the decline for a little while longer. Personally I would keep easing into a position as they keep ticking downwards, but I like the buy and hold method. I wish I understood the macro aspect of the market, but that's just a rookie investor's $.02.

hirev

so if you invested in 400 shares of appl, you would have been paid dividends of .48 cents per quarter @400=192.00 plus the appreciation of about 30.00 a share=$12,000, just saying.

UnkieTrunkie

You'd also have more than 10% of your cash in one spot, which is a absolutely great idea liability, even if it is AAPL. . . and all gains of previous quarters are backward-looking.

Just saying. . .

grubinski

Apple is at an all time high. I seem to recall something about "buy LOW, sell HIGH".

Kirk180

Apple is at an all time high. I seem to recall something about "buy LOW, sell HIGH".
[/quote]

True...sometimes. I'd be willing to bet that this said 'all time' Apple high, pales in significance to what it's going to be 5 years from now. Someday Tim Cook very well may be considered a better leader of Apple than Steve Jobs was. And I say that in all seriousness. This guys innovation is unbelievable.

hirev

It was just a suggestion on my part and I took my own advice,several times.
I am so far ahead with appl it's silly and there is no end to it.

I hope whatever you guys get into will be as good.

That being said my experience with the market is over 15 years of my own investing. Jim Kramer is my mentor and I employ my own system I have developed which works for me. You will need to develope your own. The appl investment was just a suggestion based on the criteria .

your mileage may vary. I am very very happy with my appl experience, oh and they have raised the dividend once more.

And yes my experience is going backwards or whatever, prior experience is an excellent indicator and not the only one for sure. PE is also good. A oompany that innovates, is cash rich, has some of the best products out there, buys back their own stock all the time, has 5 or 6 of the best products out there all starting with I, consitantly grows, has a diverse worldwide exposure, has produced so many products we did not know we "needed" and continues to do so....oh I could go on.

But those of you who nay say about putting some cash in appl, lets hear your better alternatives?????

chino101

My personal opinion would be to invest in a mutual fund such as Fidelity Select Energy (FSENX) to get broader exposure to the energy market rather then concentrating in one company. If Chevron tanks for any reason your investment can loose much of its value, but when investing in a a mutual fund the other stock will bolster the loss of one stock that tanks.

hirev

It is silly to have only one stock, i was referring to what to do with his investment, not his total worth.

kJR50

if you're <40yo and can afford to risk, invest in stocks. i was lucky when i got in on AAPL 5years ago. overall things have gone up, just like the housing market.