05-27-2018, 04:47 AM
I am not sure if you guys will agree with me, but when it comes to investing in the stock market, I don't go for blue chips. Why? It is because you'll have fewer shares for a significant amount of money. Just imagine if you are planning to buy Google stocks, you need $10,000 only to have ten of them which is crazy.
What I would go for are stocks that have prices of less than $10. Just make sure that you do your research and hold on to the shares for ten years or more. Your $10 stock might be worth more than $100 after 15-20 years. So if we do the math and say you bought $10,000 worth of shares for $10 par value, and it increased to $100 par value after ten years. You just made a profit of a whopping $90,000, sweet!
What I would go for are stocks that have prices of less than $10. Just make sure that you do your research and hold on to the shares for ten years or more. Your $10 stock might be worth more than $100 after 15-20 years. So if we do the math and say you bought $10,000 worth of shares for $10 par value, and it increased to $100 par value after ten years. You just made a profit of a whopping $90,000, sweet!