Is it a good idea to purchase Apple stock right now?!
Question:
Is it a good idea to purchase Apple stock right now?
I have no experience in purchasing stocks, bonds and mutual funds other than my employer's 401k deal. I signed up with Etrade.com and have considered purchasing some Apple stock to make a little bit of dough. But I've been told that I've already missed the initial stock lift from the iPhone hype. At the same time, once the iPhone is released, I'm afraid that stocks will skyrocket and I will regret not buying. Any thoughts? ~thanks
Answers:
Market timing has been proven not effective over the long term. It is impossible to predict what stocks are going to do. If you do invest in Apple do not buy a large quantity, keep your portfolio diversified. Following the herd leads to buying high and selling low. Personally, I like mutual funds that invest in a wide variety of stocks.
P.S. Why is this question in Infectious Disease?