Businesses / stock market picks..

[FreeFlyNole]

Kind of a spin off of my last thread...

If you were going to pick a few "safe" stocks to park some cash in what would they be?

I'm looking for a reasonably safe place to put some money for about 18mos - 2 years before I may need to spend it on a move. I'm no stock market guru, but I know if it's just sitting in my bank account it's losing 3% per year to inflation right now.

I'd really rather invest in businesses I believe in, or in market segments that seem to be good for the country. I like to think of myself as a tiny little owner of a business vs a pure speculator.
(My favorite companies)
Costco
Southwest
Marriott

(Tech / entertainment)
Amazon
Apple
Netflix
Disney
Sonos

(weed / booze / coffee)
Aurora
Canopy
GW Pharm
Constellation Brands
Starbucks

(Business CRM / Marketing)
SalesForce.com
Hubspot

Maybe Bank of America?

What you got as safe bets?




Toyota

 

[West Duval Nole]

Big Bank stock as they have stabilized and interest rates should be going up to further help them. But if you want to reduce your risk and you think the market in general will go up over the time you are wanting to invest why wouldn't you just go with a mutual fund like the S&P 500?

 

[NotGuiltyNole]

I would use caution with Salesforce. MSFT is taking major aim at their business in the coming months. This is why they bought LinkedIn. They will integrate LI with Dynamics. Could be a game changer in the CRM space.

 

[12Nole]

Imvest in all of it with VTSAX

 

[Random_John]

Annacott Steel. Can't miss.

 

[OrlandNole]

Annacott Steel. Can't miss.

Blue Horseshoe loves them.

I second the recommendation to go with a mutual fund. It better fits your investment needs.

 

[Gonolz]

If your time frame is 18mths - 2 years, you shouldn't be putting it into stocks, especially in this market, unless you are willing to take a loss. This market is at the height of the longest bull market in history. Interest rates are rising as are gas prices. If I were a betting man, my guess would be that most stock prices will be lower in 18 mths- 2 years. Instead of losing to inflation, you could be looking at a big capital loss as well. There will be some winners, but unless you have insider info, it is tough to pick them.

Interest rates have risen. You could find a high rate savings account, buy a CD, or put the money into safe corporate bonds with a maturity that matches your time frame.

 

[12Nole]

If your time frame is 18mths - 2 years, you shouldn't be putting it into stocks, especially in this market, unless you are willing to take a loss. This market is at the height of the longest bull market in history. Interest rates are rising as are gas prices. If I were a betting man, my guess would be that most stock prices will be lower in 18 mths- 2 years. Instead of losing to inflation, you could be looking at a big capital loss as well. There will be some winners, but unless you have insider info, it is tough to pick them.

Interest rates have risen. You could find a high rate savings account, buy a CD, or put the money into safe corporate bonds with a maturity that matches your time frame.

Ally Financial Savings Account - 1.9%

 

[OrlandNole]

If your time frame is 18mths - 2 years, you shouldn't be putting it into stocks, especially in this market, unless you are willing to take a loss. This market is at the height of the longest bull market in history. Interest rates are rising as are gas prices. If I were a betting man, my guess would be that most stock prices will be lower in 18 mths- 2 years. Instead of losing to inflation, you could be looking at a big capital loss as well. There will be some winners, but unless you have insider info, it is tough to pick them.

Interest rates have risen. You could find a high rate savings account, buy a CD, or put the money into safe corporate bonds with a maturity that matches your time frame.

Read between the lines, my friend.

 

[surfnole]

What gonolz said. Don't time the market. You might have a chance if you spend a couple of hours a day studying stocks etc. The market could drop 30% in the next two years. CDs of 2-3 years are paying 2-3% and guaranteed by the government.

If you want to play the market, put in the amount of money that you are comfortable in taking a loss.

There are some good preferred stocks out there with 6-8% dividend, but even those get hit when interest rates rise.

Thomson bond fund pays about 3% and has about a 1.5 maturity.

 

[ReliableOstrich]

Amazon.

They haven’t even started trying to make money or maximize margins yet. Seriously.
I hate recommending a retail player but they’re more than just retail.

SPY if you wanna track against the SP500.

 

[TexSkills]

I would use caution with Salesforce. MSFT is taking major aim at their business in the coming months. This is why they bought LinkedIn. They will integrate LI with Dynamics. Could be a game changer in the CRM space.

Never understood how Salesforce has cemented themselves so well. Their application isn't that great, their pricing structure sucks and Financial Force is a POS.

 

[ReliableOstrich]

Never understood how Salesforce has cemented themselves so well. Their application isn't that great, their pricing structure sucks and Financial Force is a POS.

I don’t know a single human who likes using it.

 

[cfbfan23]

I don’t know a single human who likes using it.

NoleLou's wife likes it. https://floridastate.forums.rivals.com/threads/changing-careers.231359/page-2

 

[More Kirk Less Spock]

In this market, write short term puts near expiration / you'll collect nickles and dimes, but generally be smiling. If you have news pending, spread into it.

 

[Jax-Nole]

Never understood how Salesforce has cemented themselves so well. Their application isn't that great, their pricing structure sucks and Financial Force is a POS.

Agreed.

 

[Formerly Rockymtnole]

I don’t deal with salesforce directly but hear lots of complaints. I hear lots of complaints about every software system, actually. Second only to complaints about outside consultants.

 

[Formerly Rockymtnole]

Maggie’s not believable as the tough guy leader. Carol would slit your throat and not think twice, though.

 

[Gonolz]

Maggie’s not believable as the tough guy leader. Carol would slit your throat and not think twice, though.

So you are saying that Carol would say screw it and put the money in the stock market, potential losses be damned?

 

[Noleguy06]

Absolutely love Axon Enterprise (Taser) and Selecta Biosciences.

 

[nynole1]

Ally Financial Savings Account - 1.9%

Even seen local CUs offering even better rates. Gonokz already said everything else.

 

[RTM58]

 

[Noleguy06]

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You guys need to be on reddit. /r/wallstreetbets /r/weedstocks /r/pennystocks

 

[Gonolz]

I hope you didn't put that money in stocks yesterday.

 

[FreeFlyNole]

I hope you didn't put that money in stocks yesterday.

I think I'm gonna buy a classic Ferrari instead.