Quote from abe12345:
Hello. My brother want to invest in the market and I was wondering what he should start buying. I told him now is a good time to get involved and a good strategy is to dollar cost average in good companies, ETF's, and perhaps some heavily beat up sectors like the financials and housing.
1. Some good companies I might tell him to look into are Google, Apple, Coke. A guest on Bloomberg recommended CBS as a company that is not likely to go bankrupt, is discounted heavily, is still paying dividend, and will likely survive and rise again. Please comment on these stocks and let me know if you have any recommendations.
2. China etf FXI I feel most confident about. It is at about $24 right now, high was $72 a year ago. When the bear market ends I feel China will be one of the top growers. Only concern I have about FXI is what if it does not follow the Chinese market sufficiently, for example, what if one or more of the 25 stocks represented by FXI gets beaten down or bankrupt? Are these 25 companies sufficiently representative of Chinese market?
3. I don' know much about the Financial and Housing sectors except they have been beaten down the most. Is it a good time to start dollar cost averaging into Financial and Housing sectors?
Really I've been involved in the markets for about 1 year. Before that I knew almost nothing about the market. Mostly I'm involved with trading the Dow, but I watch Bloomberg during the day and read about the markets so naturally I have also become interested in stocks, other markets, and forex. But since I'm not very experienced and I know there are more knowledgable people here I was curious what you thought.
