$1000 Extra to Invest!

[abumhira]

Hello everybody. I love to invest like most of the people out there. I am currently actively reserching on the GOOGLE stock. This is more like Technology financial world. I have heard and seen good things about it. I am 25 years a senior in college and graduating in December. I have $1000.00 extra to spare.
I already have 2 stocks already inlude Walmat and USCRX.

I would like to purchase this stock. Any advice out there for the pros and cons of this GOOG symbol or what I should do with that $1000.

Thanks.

[humandraydel]

No to GOOG.

Yes to VTI (Vanguard Total Stock Market Index ETF)

[Broken Arrow]

Ooh. Welcome and that's wonderful! Alright, let me put on my Jim Cramer "Booyah" face on. Ahem.

GOOG. It's a tech stock! It's hot! In my book, that makes it a volatile play on an already high-priced item.... I'd pass like a cornered bear!

Ok, so that wasn't a very good Jim Cramer impression.

Say, do you have an emergency fund? If not, ever thought about just leaving it in a high interest savings?

If so, do you have any high interest debt like a credit card that you haven't paid off yet? If not, I'd do that.

If so, do have you a retirement fund? If not, that's where I'd stick my money next, and think about diversifying it out while I'm there.

If you really insist on buying Google, rumor has it that they have an OS-ish environment for mobile phones that they're trying to go toe-to-toe with Windows Mobile OS. Now, that's just an industry rumor right now, but if it pans out, so could the stock. Frankly, the whole thing seems very iffy in my opinion....

Oh well, I'm sure others will chime in with something better. Good luck.

[humandraydel]

GOOG is a high flying growth stock. Ridiculously high earnings growth is priced into the stock. The day GOOG fails to meet this ridiculously high expectation is the day GOOG drops 25%.

[Broken Arrow]

Speaking of Jim Cramer's thoughts on Google... I just stumbled on it.

To him, people like me are completely wrong and investors should be running with the bulls on this one.

Well, I'm humbled. Being a buffet-head, it's not something I would run with anyway, but in all fairness, if you want an endorsement to go with GOOG, Jim Cramer says, "BUY BUY BUY!"

[willowstudios]

Wanna have some fun with that $1000? Try Prosper: The online marketplace for people-to-people lending - Prosper

I've got about $1000 worth of loans and I'm earning about 16% interest....no lates or defaults.

Just remember that Prosper isn't a proven investment yet because it's so new. But, if you want to asset allocate that $1000 into a higher risk and return....try i out. Also, just make sure you don't bid on "E" or "HR"....or even "D" usually.

Go to LendingStats - Statistics, Data & Tools for Prosper Investors to learn more..

[poundwise]

Are you aware that GOOG is trading at over $600 a share?

With $1000 you can afford just under two shares.

That might give you pause to rethink what you might do with that $1000.

[cptacek]

And the P/E ratio is 53.16 (!), with the F P/E at 32.66 and no dividends.

If you don't have any idea what the above sentence means, or how those numbers plug into your investment strategy, you probably shouldn't be buying individual stocks. Yet. Do some research, park that $1000 somewhere so later you can invest instead of gamble. Later, when you have figured out your investment style, use it as a base to a solid investment plan.

[poundwise]

The day GOOG fails to meet this ridiculously high expectation is the day GOOG drops 25%.

And the P/E ratio is 53.16 (!), with the F P/E at 32.66 and no dividends.

And yet...

Google 3Q profit soars 46 percent - Yahoo! News

[dotcom]

Investing In Web Properties Is a GREAT Idea!