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BP's new logo

2010-06-07, 8:27 AM #41

UltimatePotato

Seniority Complex

Posts: 1,506

Originally posted by Dash_rendar:

Unfortunately, the same people who are currently *****ing about carbon emissions, oils spills, and how evil we are to the environment are the same NIMBYs and treehugging *******s who have been blocking nuclear progress for the last 4 decades in this country. OOPS! :XD:

For real. Nuclear power kicks ass.

I think I'm going to buy a decent amount of stock in BP, somewhere between 100 and 300 shares. I'm also considering buying some shares of Exxon Mobil since it's at a low point, but I can't afford to buy nearly the same amount of it.

It took a while for you to find me; I was hiding in the lime tree.

2010-06-07, 11:21 AM #42

Baconfish

ALL GLORY TO THE CONTEST WINNER

Posts: 18,004

I should probably look up how to buy stock.

nope.

2010-06-07, 12:45 PM #43

UltimatePotato

Seniority Complex

Posts: 1,506

Baco- It might be different in the UK, but here you can just sign up on a broker's website or find a website like sharebuilder where you can invest in whatever you want online and it will charge you a fee per trade.

I'm 20 right now, and it will be at least five years until I'm married. If I spend $7,400 and buy 200 shares, their stock would need to rise $6.5 a share during that time period for me to have made more money then I would in interest in the bank. I think it's pretty reasonable that the 4th largest company in the world's stock will recovery to $43.25 within the next five years. Exxon-Mobil just seems like a good investment all around.

It took a while for you to find me; I was hiding in the lime tree.

2010-06-07, 12:49 PM #44

UltimatePotato

Seniority Complex

Posts: 1,506

Or I could buy 300 shares and it would only need to go up 4 dollars to be a "worthwhile" investment. BP won't go out of business any time soon, and I don't have to worry about Obama taking control of the company cause it's British :XD:

It took a while for you to find me; I was hiding in the lime tree.

2010-06-07, 1:18 PM #45

Steven

Doesn't care what his title is

Christmas Cardmaker Extrordinarie

Posts: 5,180

The scary part about buying BP right now is not the oil mess itself, but all of the litigation that is sure to arise. Sure, the oil mess is dropping share prices, but wait until all of the lawsuits and fines are assessed.

2010-06-08, 2:27 AM #46

Dash_rendar

Xizor's Drinking Buddy

Posts: 2,867

Off topic.....if you want to invest for the long term, look into index funds like VFIFX (I currently own a lot of this - look it up). Instead of just one company it's hundreds, and your money will sway with the market average (VFIFX just about perfectly mimics the Dow in percentage points).

You wont get rich overnight, but it pays dividends which you can re-invest and over time, history shows slow n' steady market growth which you will take advantage of if you continue to pay into it every month no matter what the market does. (dollar cost averaging)

2010-06-09, 10:19 PM #47

Alan

Boneless Chicken Wings

Posts: 3,339

Originally posted by Obi_Kwiet:

pelican.

i am a heron i ahev a long neck and i pick fish out of the water w/ my beak if you do not repost this comment on 10 other pages i will fly into your kitchen tonight and make a mess out of your pots and pans

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