I don't have a lot of money saved, sadly. Life with the NQEW meant that I cashed in everything years ago to try and pay the creditors. I have been diligently squirreling money away in the last three years, and feel confident that I will meet my retirement goals.
My 401k and retirement plans are "safely" entrusted to a variety of mutual funds, with risk and rewards spread across the market. But I don't feel terribly connected to the market without some single entity stocks to track progress on a regular basis.
So I have been purchasing some stocks every couple of weeks to feel more connected to the financial markets. I have been looking for cheaper stocks (generally) in companies that I somewhat familiar. Some of these are European bank stocks. They are probably very risky in the short to medium run given the turmoil in the EU, but I think that in the long run that they are undervalued. And you can pick up a share for @ $6 or so.
Please note that I am not a financial advisor, not licensed, and am not offering any financial advice. If anything, my life has been lived more of as an object lesson for folks of how not to live their lives. You have been warmed.
So I have purchased shares in some Spanish banks - BBVA, Santander, and some other players, Deutsche Bank and Societe Generale. I bought some Ford stock, some Siemens, and, at the request of Little One, some Disney (one of the more expensive stocks in my portfolio). I am thinking about adding some Italian bank stocks as well.
I only have small dollars at play, but over time I continue to put whatever extra dollars I have into the market while we are in a down period in the hopes that the markets will recover and ultimately I may make a modest return. Currently I am down a fair bit overall in these stocks. Again, don't do what I do.
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