What five industries should people invest in today?
Answers: As I nearly always take a contrarian viewpoint in investing, I am taking this market correction as an opportunity to add to positions in out-of-favor sectors. I have just recently began investing in very select financial companies. I have also been investing in consumer discretionary, namely teen retail. With concerns about a recession looming, another long-term winner would be mining companies, as they will likely emerge as market leaders when the problems are resolved. I am also looking at select industrial companies that are in strong industries, namely wind energy, infrastructure, and rail. Should the Democratic party take office, airlines look attractive as an investment, as high oil prices have brought them down to rock-bottom valuations. I continue to like select companies in the offshore oil drilling and exploration industry, namely those with exposure to ultra-deepwater projects, however, should oil prices decline over concerns of a potential recession, these companies will likely be taken lower. However, their longer-term fundamentals remain very attractive, and their valuations remain relatively cheap. Either way, I am looking for strong companies in industries that have been taken lower by the fears spreading through the market about the strength of our economy. It may also be important to note that I have a long-term investment perspective, rather than one of trading. I am taking this time to strategically build positions in these companies, which I believe will reemerge as market leaders when problems are resolved. Therefore, I am sacraficing near term performance for longer-term outperformance.
I hope this helped,
Brendan Prewitt
President, New York Capital Investment Group LLC
You should invest in defensive industries:
mining, utilities, oil, healthcare, green energies (solar/wind)
Think about what industries did well in the 1970s and you will do fine.
Well, I would energy (obviously), technology, health care, consumer staples, insurance, and financials. I thought I'd add an extra one. lol
Money money money?
any one out there that have to much and want to get rid of some?? ha! ha!Answers: Go here and go and get your own:
http://www.zopa.com/member/The%20Hulk
It's a site that provides investments and loans.
There's a complimentary lb30 to be had, subject to lingo and conditions.
Try the homeless they usually give you a few quid after you see erm a few times!
J/k J/k a bad one i know!!
distribute some cash this route too!
I'm broke, lol
please take some of mine!
Are premium bonds worth it? I want to invest 1000 pounds in them. what experiences do you have with them?
Answers: Premium bonds are safe - you will always get your money back but it will have lost value in the meantime.
Premium bonds *do* pay out 'prizes' each month but they are only equivalent to about 3% interest per year and there is no guarantee you will get any at all. There are better investments but some people enjoy having a flutter in the hope of winning a big prize.
Really good article (including the odds of winning) at:
http://www.moneysavingexpert.com/savings...
If you have average luck Premium Bonds currently pay a return of around 3.5% tax free and of course your capital is guaranteed. This rate of return is ok, better if you are a higher rate tax payer, not so ghood if you are a non tax payer. Of course if you have better than average luck they are great but you might have worse than average luck.
I would see Premium Bonds as more of a “fun” investment as there is no guaranteed of any prizes.
Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk.