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Deleted member 84902
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I find this whole stock and shares and whatnot business fascinating, and I'd love to learn more and maybe get my feet wet with it, but damn this stuff goes over my head.
Zynga ZNGA is a really good buy now.
Interesting.... It is really cheap right now. Any solid reasons you expect it to go back up.
I can imagine scenario's where it would. But I can do that with a lot of companies. I'm much worse at imagining scenario's where companies would go bust.
Apple is a nobrainer 6 months back. However .com stocks are good for short term, you just wait around for an announcement to be made, which happens regularly with .coms and profit the next day. however Apple is a long term stock... where the focus is not on profit but on wealth creation.
So on Monday I bought 20 shares of Apple at 530... Then Apple closed at 562 or something. And I made a 5.5% return (unrealized gains as I'm not selling anytime soon). but this was the first time i've ever invested in a stock. So yeah... I thought maybe I should start a hedge fund or something to let the commoners take advantage of my investing genius.
Compared to Facebook though, Apple is a no brainer. Facebook doesn't have any fiscal policy that's clear.
And the nerve of a $104bn valuation with less than $1bn in profit last year is just insulting to the market. And I think enough people realized it in time. Compared to Apples 45 billion gross profit and 500billion market cap... It just looks like a better company overall to me. And I think a lot of people are getting sick of Facebook.
I find this whole stock and shares and whatnot business fascinating, and I'd love to learn more and maybe get my feet wet with it, but damn this stuff goes over my head.