Re: Best Stocks for 2007
Ok, trying for a third time to post my original message below.
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I still think if you're a newbie to stock trading then you shouldn't rush out and start buying individual stocks - yes, the gains can be more, but you've invested large chunk of your money in one company. If anything goes wrong then you stand to lose a lot. I know, I've lost a huge load when the dot com market went bust before. If you look at stock markets such as Canada / US / Asia / Europe almost any part of the world then they're at all time highs. Can this trend continue? Maybe, as long as liquidity remains in the market. Can this trend go on forever? No.
My advise to newbies is to place part of your assets in cash / certificate of deposit /etc and the rest in equities. But, I wouldn't recommend picking all your own stocks if you're a newbie, instead buy ETFs or mutual funds. ETFs are fantastic as they have low MERs such as 0.5% and they mirror the market.
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