Lost $30,000, need new investment

[da box king 10+ year member]

Well my brother and I got are yearly trust fund outcomes back and my brother lost about 30k due to the bad market...and he's not so happy. The money is from a trust fund.

What are some good stocks to go for, or other investments? Trying to help him out. Luckily for me I didn't loose anything since I always am taking money out for school

I was thinkin about a cd, but I was thinkin logically he needs to keep his money in there to make it back over time, or buy more of the same stock to average out

cd would be nice, 6% or so fixed...and no chance of loosing

Click to read more...

 

[jeepintn 10+ year member]

this is actually a great time to buy stocks, just stay diversified and keep to stocks/funds with long track records

 

[Mountainman11 10+ year member]

if he doesn't need it right now he could go for a government bond.

 

[da box king 10+ year member]

no he doesn't need it now...he will probably be using it in a couple years for school if its the right choice, otherwise its in there till he's 25 (9 years)

 

[atlbraves]

buy all the stocks you can now if hes not gonna need it anytime soon once it goes back up to 1400 he will basically double his money.

 

[steveBeatz]

http://home.ingdirect.com/

 

[bonesninja 5,000+ posts]

check out stock qoute for PG....its a bargain right now at about $50 a share.

 

[bonesninja 5,000+ posts]

check out stock qoute for PG....its a bargain right now at about $50 a share.

This is where Warren Buffet is putting tons of his long term money

 

[da box king 10+ year member]

check out stock qoute for PG....its a bargain right now at about $50 a share.

serious? whats PG?

 

[perfecxionX 10+ year member]

procter & gamble

 

[bonesninja 5,000+ posts]

serious? whats PG?

dead serious PG is Procter & Gamble...the world's largest household goods producer. Berkshire Hathaway (Warren Buffet) is the single largest shareholder. I work for P&G..we just posted 8 Billion dollar profits last quarter where a lot of other competitors were posting losses.

 

[da box king 10+ year member]

dead serious PG is Procter & Gamble...the world's largest household goods producer. Berkshire Hathaway (Warren Buffet) is the single largest shareholder. I work for P&G..we just posted 8 Billion dollar profits last quarter where a lot of other competitors were posting losses.

cool....could be just setting up for a loss so people buy....but whats the word around the office? Is everything goin well?

 

[lilmaniac2 5,000+ posts]

P&G is one of the best bets. People will always have to buy q tips and soap, even in recession

 

[DidUHearThat? 10+ year member]

Guns & ammo.

 

[smd4life 5,000+ posts]

grammar is key