Once again, I would like to stress that fact that I am not a professional in any way and that I do not assume responsibility if you lose money based on my information. So far it has made me a decent amount of money and it can do you the same. I am also not a spokesman for any of the companies that I choose to invest in.
I have been following the same stocks for quite some time. Most of the stocks I have been following since last November when I first started investing my own money. But now it is time to share what I feel is the best stock to buy today.
AIG. AIG got a huge bail out that no one really understood. They used the money for bonuses that should not have been given out and they went on huge pricey vacations with the money. But with all the hard feelings aside for the stunt they pulled, their stock is on the rise again. There was one day about two months ago that AIG was only $1.05 a share. When you look at the historical graphs no one shows it, but it was. The next day it rose over 1500%, based on Yahoo! Finance and E*Trade, to just over $19.00. Was it just a freak day of investing or would this price continue to rise? Well just after that for the next week, it dropped back to $13.00. Of course, I missed it at the $1.05. Who wouldn't want to invest $1000 into a stock for a dollar and watch it go up over 1500% the next day? Well I was watching it drop and drop and would hope it would drop past $13.00. When I realized it was just going to rock between $13.00 and $14.00 for a while, I decided to buy it. But of course, as my luck has it, I was one day short again. It rose to $22.xx and that is when I finally bought it. For the next week or two it was rocking between $22.00 and $25.00. But then it took off to around $33.00. But after closing yesterday, it is around the $50.00 mark. According to the E*Trade and Yahoo! Finance historical graphs, AIG was just shy of $1500 per share before the whole economic crash. Can this happen again? Can you invest $500 for 10 shares and watch it get back up there as high as it was in the next few years? It is possible and now is the time to buy to do so.
The next stock that I have been following but haven't really mentioned in any of my articles yet is Citi Group (C). With the way credit cards started to be used less, their stock plummeted. But give this economy a few more months or a year to get better and people will be back to the usual over spending on their credit cards. When I first started to follow this stock, I bought it at just under $4.00. A mistake at the time since it went as low as $2 and change. But now it is back up and over $5.00. E*Trade's historical graph shows that it has been close to $60.00 before. Even at the $5.00 price tag now, you can potentially make ten times your money back in the next few years. So invest a wise amount into this stock and you could be rich before you know it.
I give all credit for this article and its prices and stock symbols to Yahoo! Finance and E*Trade.
Published by Scott DeMay
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