Huge disclaimer: I am a Canadian money coach. I help people with the day-to-day financial issues like monthly cashflow/budgeting, getting out of debt, relationship with money. I am NOT a credentialed financial planner so today’s post is not professional advice – in fact, it’s not advice at all. It’s simply what I am going to do as someone who makes her own investment choices (and does a fine job, if I might add).
Here are 3 stocks I like:
- Apple. After a lifetime of being on the fringe, dwarfed entirely by Microsoft, I believe they are going to take giant strides into the market – and not just the pc market, the electronics market. The Ipod, safari for windows, and the hype around the iPhone: all these are some pretty mighty thrusts into the imaginations and wallets of the market. I think this will continue into exponential growth, and that purchases of imacs and macbooks will rapidly increase over the next 3 years as well.
- Bank of America. They give dividends of 5%. If the US lowers their interest rates in response to the credit crunch, this 5% will look increasingly attractive in comparison – plus, it’s a bank stock so the underlying asset will increase in value as well.
- Timminco. These guys (Canadian) make solar grade silicon metal – used for alternative (solar) energy. They’ve got solid contracts already in place plus a market with more demand than supply.
That’s what I’d do – after triple checking their balance sheets etc. – but repeat after me: Nancy is not a financial planner or advisor. This is not official advice. It’s just a peak into her own personal portfolio. She may regret any one of these purchases, if things don’t play out as planned!