My 2014 stocks are MY choices and are based off personal research. I don’t know what YOU should buy, but I’ll tell you what I look for and what I buy! Surely you didn’t think a self
taught investor would just tell you what to buy and let you become a millionaire alongside him…or a broke failure? Or did you? Remember, I’m not a CFP, CFA or any kind of broker so take whatever you want from this with a grain of salt please.
But I guess I’ll let you know what I’m betting on this year!
1. Blackstone Group
Ticker Symbol: BX
Sell Target: $50.00
Why did I buy this? Blackstone has been my stronghold through half of 2013 and I plan on letting that dividend and their huge success rate with company revamps to IPO’s let them be my lead dog towards a bigger bank account. I’ve ridden a few waves with them and I am extremely confident that I got in at a GREAT price compared to what I think the company is worth.
Ticker Symbol: LO
Sell Target: $65.00
Why did I buy this? I don’t necessarily like HUGE, number one, best in the business stocks, so I chose the third largest tobacco company. Phillip Morris and British Tobacco have too many eyes on them ALL THE TIME. So instead I picked Lorillard. With the discreetness that they can operate from underneath the other two tobacco leviathans and the acquisition of the Blu brand of e-cigs, I can’t wait to see how this one does. Oh yeah, that dividend is a great safety net too!
3. American Eagle
Ticker Symbol: AEO
Sell Target: $21-25
Why did I buy this? Purely for the dividend if you want the truth. I finished high school a minute ago and I never really cared for the overpriced clothing stores. But if I ever had to choose between American Eagle, Abercrombie and Hollister, the Eagle always won.
These are the first couple studs in my stable of 2014 stocks. I can’t wait to see how these turn out. I believe my targets are manageable and now I just have to wait and see where they go. Be sure to check out Part 2 here!