So as I'm sitting here after my Marketing Research exam (which means I get out early), I'm looking over my stock portfolio. My method of picking stocks is to buy what I know, which is a philosophy of a guy named Peter Lynch, who managed the Magellan mutual fund. He talks about one time when his wife tried to give him stock advice, telling him that the Gap was doing well because it was always crowded. He brushed her off and instead went with some tech company. After Gap did a ton better, he vowed then and there to always listen to his wife for stock advice.
Since I'm absent of a wife, I figured Karen and her girlfriends would stand in nicely (most of the guys that read this blog I already talk stocks to). So any stock tips? What makes a good company to buy? Well, here are some ways to seed your thoughts:
When have you ever complained that something was too high priced, but bought it anyway because you wanted it? (Starbucks is a good example here)
When were you willing to stand in line or fight crowds to buy something?
What's the latest trend that you don't understand?
Can't wait to hear from you!
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12 comments:
question #1: yes. starbucks is not a good example, 7 jeans are. trust me.
question #2: i don't fight crowds to buy something, but i will stand in line. my mother absolutely will not, though. i don't mind it... maybe i'm just a really patient person.
question #3: i understand skinny jeans, but i look horrible in them... so wish this trend would go away.
other thoughts: i always recommend stocks to dave. sometimes he actually buys them. and, let me tell you this... when he doesn't, he is very sorry.
So let ME know what stocks your recommending! And the less financial and business mumbo jumbo the better.
Ok so I failed to get in on Crocs and Chipotle.
In my defense, I thought my household was inflating Chipotle earnings.
Funny, I was having Chipotle (CMG) as I was writing that.
BTW Rachel I looked up the company that makes 7 Jeans, and they're privately owned by a Bear Stearns venture capitalist. But great suggestion!
yeah, "good" jeans are like $100-$250. Therefore, i don't own any, but there are EAST-SIDERS who do!
at this stage in my life i'm seeing kids clothes as a money maker. For example, Ryann is 8lbs. 7oz. when she was born. size 3mo clothing fits 8-12 lbs. Ryann is supposed to gain 2/3 of an oz. a day for the first 6 weeks. Do the math. Kids don't wear clothes very long.
Not to mention the frickin' stuff for them is outrageous - a play gym for $100 that will only hold them until they're 25lbs. (7 months old).
Your kicker is the second kid who reuses stuff (no repeat purchases) or wonderful friends who let you borrow.
i can't let all my secrets out for the world to see. this will have to be done over dinner at the cheesecake factory. dave and i will let you in on our money-making stocks.
Cool, would love to go to Cheesecake Factory (which I own). Then I can send you a thank you card for that!
I'm going to be little to no help here.
"When have you ever complained that something was too high priced, but bought it anyway because you wanted it?"
Gas, jewelry, insurance.
When were you willing to stand in line or fight crowds to buy something?
Black friday sales. I also don't get amusement park lines.
What's the latest trend that you don't understand?
Goji Berries. Touted as the next blueberry / pomegranate. Supposed to pack a ton of nutrients and antioxidants except they taste nasty.
I just read on my cousin's blog that a lot of people use Ritalin to pull all-nighters. Like on Desperate Housewives when Lynette takes them and cleans the house spotless over the night and then her friends find her a week later depressed and a shell of her former self.
i don't know which side i'm on, but ever girl should invest in a great pair of jeans.
when are you available for some over priced cheesecake, which we will stand in line for.
My comment from the other day didn't show up. odd. doesn't matter. it was just something sassy about recommending P&G stock.
Invest in apple - I'm very late jumping on the iPod bandwagon, but the thing rocks.
Aveda is also a wonderful company, so I'd invest in them.
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