TwinTurbo.NET: Nissan 300ZX forum - IMHO, find something that's bulletproof. Stay away
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Subject IMHO, find something that's bulletproof. Stay away
     
Posted by Guy (grammar police) on September 21, 2001 at 8:36 PM
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In Reply To Now that the stock market is going down the drain... posted by Chip on September 21, 2001 at 01:41 PM
     
Message from anything related to commercial aircraft (Boeing, Airbus, Bombardier) and stay away from commercial airlines and travel related stocks. They're going to be bad for a long time. Defense related stocks might be good IF we start a buildup. General Electric, United Technologies and related stocks will be good.

Now is a good time to invest if you're going for something stable like K-Mart, Walmart, etc. Look for businesses like these that will thrive no matter what the economy. Grocery chains that are FINANCIALLY SOUND are good buys now too. No matter how bad things get, people will need groceries.

If you're going for something a little riskier, you might wait a bit. Many analysts think the DOW will bottom out around 7,500, but 6,500 if we have more terrorist attacks. At that point an S&P 500 type mutual fund is a great way to get into the market and because it's diversified across many companies, it's not nearly as risky as putting all your money into one company.

Hope this is helpful!

     
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