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Here's how you can support the big three automakers

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proud2BlibKansan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-29-08 08:09 PM
Original message
Here's how you can support the big three automakers
Buy stock. I bought Ford stock last Monday and it has already gone up 30%. And don't think you have to be rich. At $2.00 a share you can buy 100 shares for $200.00.

I am looking into GM stock on Monday.

And FWIW, I own a foreign car. :)
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navarth Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-29-08 08:15 PM
Response to Original message
1. I've been owning some Ford stock through this whole thing.
It's a roller coaster.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-29-08 08:15 PM
Response to Original message
2. Always a good way to help a company
They need investors more than anything else right now. And it at least you can look at it as a gamble.
One that if you lose, the whole country is going to lose really big. But if you win, so does the country.

I have invested in other American companies the same way, a couple had gone up more than 400% and are now back down to just double what I invested but that is still pretty good return if I were to cash out. But I am nowhere near ready to cash out of anything.
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proud2BlibKansan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-29-08 08:17 PM
Original message
I never spend more than I think I can afford to lose
But I always have a hard time knowing when to sell.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-29-08 08:20 PM
Response to Original message
5. When you are ready to spend the money
Win or lose you just have to sit on it until you are ready to spend the money.

Most of the time you will come out on top. If you are lucky, you will win big enough to live on. For us it is always money that we can live without and have decided that if it makes good money, we will have a little extra for retirement. Another 15 years before we are ready for that though.
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proud2BlibKansan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-29-08 08:23 PM
Response to Reply #5
6. My mother started with $1000
and was a millionaire in 10 years.

She was really good at playing the stock market.
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-29-08 08:17 PM
Response to Original message
3. Chrysler was down to about 1.75
the rest is history...the mini van and an entirely new product line....yup it`s a good time to buy ford. they have some of the best assembled cars for sale here in the usa. they may build the eurocars here in the states....i wish i had money to invest in ford and gm.
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proud2BlibKansan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-29-08 08:18 PM
Response to Reply #3
4. A friend of mine bought 10 shares
That's all she could afford.

It's lots cheaper than buying a car. :)
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Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-29-08 08:49 PM
Response to Original message
7. That does not directly help the company.
Indirectly, if it helps the price go up or at least not go down even more than it would have, it might help the company get operating capital loans, but unless Ford or GM or whatever is left of Chrysler starts issuing new shares, you are just buying somebody else's shares.
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