There’s a temptation (read: greed) to jump into BP’s stock now that oil isn’t spewing freely into the Gulf, but that’s not a wise play.
Listen to enough financial TV or radio programs and you’re likely to hear at least a couple of “analysts” suggesting that BP is a good play. After all, it’s down tremendously off its 52-week lows and the oil spill disaster is over, right? Not so fast. Here are seven reasons why you might want to put your money elsewhere.
Verizon (Symbol: VZ) is one of the companies I’m looking at for the Financial Rebel Fund. Smartphone use is growing fast in 2010 and since it’s still a small part of the overall mobile market, there’s plenty of room for growth.
In the United States, two companies usually come to mind when thinking of mobile phone networks: Verizon and AT&T. I’ll be covering AT&T over the weekend.
Note: As of this writing I do not own stock in Verizon.
All this week I’ve been hearing a lot about Tesla Motors (Symbol: TSLA) and their nice-looking EVs (snazzy way of saying electric vehicles). Cool looks aside, does this stock have anything under the hood?
Despite the prospectus discussing possible sales growth, there’s more competition on the horizon. TSLA reached a high of $30.42 per share on June 30 and closed trading on Friday, July 9, 2010 at $17.40.
Blockbuster recently got delisted from the NYSE and for me it was a prophecy fulfilled (of sorts). Back on July 18, 2008 I wrote a post about the coming doom of the stock “Blockbuster—Going Anywhere?” and it sure has come true.
Citigroup (Symbol: C) is one of the stocks I keep tabs on. Once a high-flying stock, it’s been reduced to the dollar bin. But there are some signs that it might be poised for future growth. And more importantly, will the Treasury Department complete its selling activities in 2010?
Perhaps it’s the fact that CNN.com and other networks are not currently covering the BP situation as much or that hope springs eternal in the back half of 2010, but investors appear to be getting bullish on BP (Symbol: BP).
It’s the beginning of the month and I’ve got a few investing ideas for the Financial Rebel Fund in July. While I’m looking into a few possible sectors, the common theme between all the possibilities is dividends.
The fund isn’t a flash in the pan or a short-term investment. It’s something that will grow over years. I want to start it out right, which means investing in some blue chip stock(s) with healthy dividends.
Today is July 4th, which is Independence Day in the United States. As you may know, it’s the day when our country declared its independence from England. But today can be somewhat symbolic no matter where you live. Today is a day when you can declare your independence from life as usual, mistake-driven investing and the thought of doing things tomorrow—a day which never comes.
In the spirit of the day, I thought I’d share with you 8 things to do to bring about an improvement in your life, from a financial perspective. No matter how many investing mistakes you’ve made, how many times you’ve put things off or how many dreams you’ve had, today is the day to draw a line in the sand and go forward—much like the new Americans did in the 1700s against all odds.
Yesterday, I was researching various Chinese companies for possible investment. My searching took me over to Fool.com for an article about Harbin Electric Co. (Symbol: HRBN) Various comments over there talked about how this stock around $17 was “bottom fishing” and “likely to perform well.” But then I looked at the chart.
While the fundamentals might look interesting and recent price memory has the average investor thinking it’s a deal, the chart is telling another possible story. It’s worth noting that the “Caps Rating” over at Fool.com is 4 out of 5.
The other day I wrote an article about cutting expenses and I showed you how I managed to put $464 back into my pocket each month, so I could invest more. This gave me a great idea for the site and you, my valued reader.
I’m starting a new series on Financial Rebel called the “Financial Rebel Fund” that will detail how I’m going to take $300 each month and invest it. The goal is transparency, so you can follow along. In this article, I’ll be setting up the ground rules for the new Financial Rebel Fund and as we go along, I’ll provide news and thoughts about investments made and possible future investments. And of course, I’d love to get your comments along the way.
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Email: jmartin@financialrebel.com
My name is Jason A. Martin and this is my investment blog. Back in Jr. High School I fell in love with an electrical wiring company's stock on Wall Street. After following the stock daily in the papers—the Internet wasn't around back then—I sent them a letter and they sent me back all sorts of wonderful information about their company.
In High School, we had a stock market contest. All the kids were picking companies that made stuff they consumed. When I announced my beloved company, I was laughed at. Little did they know that my company was going to be the subject of a takeover soon.
Long story short, I won the contest and have made money in the stock market, through real estate investing, currency trading and so forth.
I hope you enjoy Financial Rebel. If you do, please leave your comments and share this site with those you know. I also run a currency trading blog over at CapitalistNation.com.
Jason