by cincyaviation on August 10th, 2009

cincyaviation

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I need to know some cheap but safe stocks to buy because my dad is letting me buy shares with my own money through him, i only have a hundred dollars and would like to buy at very least ten shares with that hundred dollars, thanks in advance.

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Answers. 4 helpful answers below.

  • by HasntBeen on August 10th, 2009

    HasntBeen

    You're young, presumably. It's good that you want to get your feet wet, and learn about investing at a young age.

    However, buying "safe" isn't necessarily the best approach for a young person. Financial managers will generally recommend higher risk when one is young, and then tapering off the risk as one approaches retirement. That advice balances the benefits of higher risk with the risk that you won't be able to recover from a loss at an older age.

    But, if you insist on buying safe, a decent typical 'safety' stock is a utility (a company that supplies electricity, gas, or water, typically). Here's a list of high-yield utility stocks: http://seekingalpha.com/article/21794-highest-yielding-utility-stocks-electric-utilities

    Caution: if you buy utilities, be prepared to be bored :)

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  • by qwerty on August 10th, 2009

    qwerty

    go to a supermarket and look to see what ppl buy everyday
    thing like toilet paper, soup, pork bellies
    or gas,electric utilities etc
    you won't make a killing, but over time will have a steady investment
    ppl have used TP, gas and electric for over 100 yrs, and despite ups and downs has reamined steady

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  • by rosie on August 10th, 2009

    rosie

    My bank advisor stated buying stocks is not adviceable bec of the economy.

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  • by R U Sirius on August 10th, 2009

    R U Sirius

    "Has'ntbeen" was correct with riskier stocks.......The financials(banks)took a hit last year but seem to be coming around. Bank of America (BAC) is where I put my money. I also think SiriusXM is on the rise and cheap "50 cents a share" but I consider a short term stock. My advice to you is..............never be afraid to sell.

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