A few weeks ago, I got an email from a friend of mine (R.P.) who wanted to know my opinion on investing $5,000 long term. She and her husband were thinking about investing in a mutual fund that didn’t have big fees and let it sit for 10 years to see what happens.
Based on her answers to a few other questions, I think they are better off investing in a stable stock for a company like Ford or General Electric that we all know will be around for years to come and probably grow 15% on an annual basis.
What advice would you give?
- Mutual Fund?
- Individual Stock?
- Something Else?
I look forward to reading your comments!
stephenie gordon says:
buy 891 shares of PLUG. 🙂
Ed Sugar says:
Film director John Waters summed it up best – ” I always said if you want to make money, invest in gay divorce and tattoo removal. Two of the biggest growth industries we’re going to have in the next decade.”
I would add any company involved with the exploration, drilling and distribution of water would be one to keep an eye on.
Kelly Heatly says:
If using $5K of my own money today, then probably mutual fund. There aren’t any stocks I’m jazzed about right now. If someone handed me $5K, then I might buy individual stock in something innovative.