Anyone know anything about investments?
Anyone know anything about investments, particularly picking stocks? If one is good, do it. If one is bad, don't. If one is in between, then maybe picking some stocks and putting more money in mutual funds, which is professionally managed, is better?
My advice is not to pick junk. Today, I just got rid of junk, namely Dell. For months, Dell was junk. This week, there were reports that Dell might become privately owned and pay current shareholders $13-14 for their shares. At the height of the dot com boom in 1999, Dell was trading for $50. Recently, it was $10. After the news, it jumped to about $13.
If the deal goes through, one would get $13-14 or whatever the price in the deal is. If the deal fails, expect it to sink to $10 again.
I just wanted to get rid of the piece of junk. In the end, sold it for $12.82, making $800. What a relief. I didn't want to hope to see it go to $14 and but watch it sink to $10 and negative territory for me. Lesson learned....don't pick junk.