I would lke to buy some cheap stock. what kind needed?

gwendolyn t · #1 15-07-2007, 17:45

Iam in needed to know wht stock,could i buy without paying a lot of money..will be retiring in 10 years. suggestions.

Califrich · #2 15-07-2007, 17:55

First of all, I wouldn't buy "cheap" stock, if what you mean by "cheap" is stock of less than $10 per share. Such stock is usually cheap for a reason -- it isn't worth much. It's better to buy one share of a quality stock, if that's all you have to invest, than 100 shares of a speculative penny stock.

ckm1956 · #3 15-07-2007, 18:05

If you're looking at retiring in 10 years, be very careful. ANY stock can plummet and take years to recover."Cheap stocks" aren't necessarily the best idea. For example, I'd much rather have ONE share of Google (~$540) than 100 shares of Neurochem (~$6). Whether or not a stock is a good investment has NOTHING to do with the stock price relative to another stock.It's not exciting, but look at no load mutual funds that track the broad stock market or an a similar ETF (exchange traded fund).

Frank Castle · #4 16-07-2007, 08:06

Sony, Nintendo and Microsoft.

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