Thinking of buying some Ford and GM stock

[Evolved_Frustration]

you're wasting your money buying into companies like etrade and scottrade... well, then again, i know a lil about stocks, but still.

I've got quite a few stocks in several companies, just gotta know what yo invest in... i've thought about buying into ford and gm...but, i'll wait and see...

i may wait til they drop a lil lower, come on folks... think about it... the top 2 auto manufacturers (us at least) aren't about to go under...

the US gov can't stand the much needed support of our foreign friends at almost everything else... they're gonna try there damnest to keep a hold of the auto factories.

 

[Jason]

See why I said I wouldn't put any cash into GM? They are filing bankruptcy today, and the stock will be worth nothing more than the paper it's printed on.

 

[cappin90]

me and some buddys are thinking of getting a few hundred bucks together (200-300$) and buying some ford stock, were young so we lose it, were only down a couple hundred bucks, ford recovers some, we make some profit when we cash in on it in ten years, dosent seem like the risk out ways the potential benefit then again thats just a 19 year olds perspective...

 

[wrecking-crew]

i'd buy stock if i wasnt going to college

 

[Jason]

It may not be, and if you can afford to lose that money, I say go for it. Ford seems good enough even though they are still losing massive amounts of cash. The concern I would have is with GM being partially Government owned, the tables will be tilted in GM's favor when it comes to any legislation that affects the auto industry. Chrysler will likely enjoy the same favoritism. I still say, for me at least, no money in the US auto manufacturers.