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Discussion » Questions » Finance » What would be a good stock to invest $1000 in right now?

What would be a good stock to invest $1000 in right now?

This is a buyers market, when the prices are down, I've been told. 

Posted - March 27

Responses


  • 14893
    OXO's      :) 
      March 27, 2020 5:48 PM MDT
    3

  • 8211
    Buy 4 shares of Apple. This post was edited by Stu Spelling Bee at April 18, 2020 4:26 PM MDT
      March 27, 2020 6:01 PM MDT
    5

  • 5036
    how do you do that online safely?
      March 27, 2020 8:10 PM MDT
    2

  • 8211
    Go to a site like fidelity.com, open an account, transfer the money in, and place a buy order.
      March 27, 2020 9:12 PM MDT
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  • 5036
    I almost did it but if I mess up then I lose. I know nothing regarding buying and selling.  I need to take a class or something before I take a chance. 
      March 28, 2020 8:44 AM MDT
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  • 14309
    Stu's response is correct.  You can also to to Ameritrade.com.  Ameritrade does not charge a commission.  I'm not sure about Fidelity.
      March 27, 2020 11:15 PM MDT
    5

  • 5680
    Meh, I don’t know, I’ve pulled all my money out of anything growth and put it in money markets. I think it would be safest bury in your backyard right now. 
      March 27, 2020 6:01 PM MDT
    3

  • 8211
    Selling low is never the best move.
      March 27, 2020 6:23 PM MDT
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  • 5680
    I’m talking mutual funds, I needed to move it.. I lost a Substantial amount of money to me in a week and I wasn’t going to wait to lose more. This post was edited by CameraObscura at March 28, 2020 9:18 AM MDT
      March 27, 2020 6:33 PM MDT
    3

  • 8211
    I would advise holding on and betting on the market to rebound in the long run. It always does. This post was edited by Stu Spelling Bee at April 18, 2020 4:27 PM MDT
      March 27, 2020 6:48 PM MDT
    6

  • 5680
    Do you think I should move it back into growth? I’m genuinely interested in your opinion because I think I remember you said used to work in the field.   when I was younger during after 9/11 I was advised to move my money into securities for a while then. mind you it wasn’t very much back then :) I think I maybe had 40ish thousand. No one advised me this time I just moved it because of the advice I got back then. Everything’s online now so I just did it myself. 
      March 27, 2020 6:53 PM MDT
    3

  • 8211
    I believe that it's best to hold on for the long term as the markets generally go up over time. It's best not to overreact to dips in the short term. Of course, there is no way to know if things have bottomed out yet, but it's good to buy in a down market and hold for the long term. I put $3,000 into my IRA on March 6th and bought 10 shares of Apple at about $287 each. Of course I wish I had waited a few days and paid less, but I will not panic and sell now. Apple is a quality growth stock and I am happy to hold it and bet on a rebound.
      March 27, 2020 7:18 PM MDT
    5

  • 5680
    Okay, thanks Stu. I know I just pulled it as a knee jerk reaction and I haven’t wanted to deal with or think about it for the past couple weeks. I think I may have made the right decision pulling out when I did, put I know I should think about putting my money back in soon. 
      March 27, 2020 7:22 PM MDT
    3

  • 14309
    If you don't reinvest it soon, you'll miss the bump in price when the stock market comes back.  
      March 27, 2020 11:17 PM MDT
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  • 5680
    I know you’re right, I’m not sure things have bottomed out yet though, so I’m scared lol. 
      March 28, 2020 8:56 AM MDT
    1

  • 14309
    I understand your being scared, but wise investing - stocks that have bee around a while and have a proven track record - will be valuable.  Unless you know for sure when the market is going to hit rock bottom, there's always the possibility that you will invest now and the stock will go lower.  But, what if you don't buy something and the market zooms up?  Just choose a variety of industries rather than putting everything into one.  Diversified portfolios do best. 
      March 28, 2020 12:52 PM MDT
    2

  • 5680
    I know you’re right, thank you. 
      March 28, 2020 3:48 PM MDT
    2

  • 33361
    Mine tanked, too. I almost had a heart attack.
      March 28, 2020 9:18 AM MDT
    4

  • 5680
    I think everyone’s did, it’s hard thing for anyone to see. must be harder for you since already retired, I’m sorry. 
      March 28, 2020 9:22 AM MDT
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  • 33361
    It was life insurance to be paid to my wife. We get along fine with my pensions and our social security.
      April 18, 2020 4:34 PM MDT
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  • 23178
    Personally, if I had money right now I would buy oil stocks. Oil will not stay this low for long. 
      March 27, 2020 7:28 PM MDT
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  • 5036
    OOOOO I like this a lot.  Which ones? This post was edited by Honeydew at April 18, 2020 3:13 PM MDT
      March 28, 2020 8:31 AM MDT
    2

  • 33361
    Medical supply companies.
    Gun and ammo companies.
    Pregnancy test manufacturors
      March 27, 2020 8:00 PM MDT
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  • 8211
    manufacturors manufacturers
      March 27, 2020 9:14 PM MDT
    3