VWBobby
10+ year member
PG and SS nuthugger
Most of the safe stocks will be companies that are well established and give a steady return. Examples would be utility companies (GE, PGE, etc), gas/oil stocks (although not steady now), major corporations such as Apple, Nike, etc.Whats an example of as safe stock? It seems like nothing is safe these days...
Do not invest in new start-up companies, "fortune 500" or other high tech companies that could be a flash in the pan if a product fails or a customer files a lawsuit.
Ignore the idiots in this thread who act like $30K doesn't buy ****. Even in the area I live in (which is one of the most expensive in the country outside of LA or NY) $30K will buy you a LOT of security.
If you are savvy with cars, a lot of people have luck buying cars at auction, classifieds, or random finds - fix and flip. You have to be able to do most of the labor yourself however. If you have to pay for labor, you will end up losing money 90% of the time. Most of the cost of cars is labor and time, unless it has extremely rare or expensive parts. I try to sell at least 1 car every couple of years. You can generally make more money than a steady stock.
Real estate is OK in a market that is expanding. Most parts of the country are not doing so well in real estate, so I would not say its as safe or profitable as it was before 2005. Before 2005, I would say go for it, after 2005, its just starting to bounce back but nowhere near what it was. I would give it a few years before I got back into real estate. Rental properties and quick flips are where the most money is at. Storage units are also a great investment.
