Originally Posted by mikeman
SkinnyGoomba, I didn't realize that they payed a dividend that high. Yeah, I think the oil companies are pretty safe.
Haha, I am also NOW into solid companies, as I tried my luck this summer in penny stocks and didn't do well...I was trying to make a quick buck, it worked, but I got greedy and didn't get out. Lost it all...
I started off in Mortgage insurers after a few years of investing with a 'club'. I got into them whent he industry fell apart in July 2008 and did well with them. I picked the ones that took on the least amount of risk by comparison to their peers. Simply thinking that if the riskiest ones avoided bankruptcy than the better ones would as well. I moved on from them to Large caps in distressed sectors and I like that alot better. I did well with small companies, but the volatility was enough for me to get out of it, one bad news article would send investors running for the hills.
I like large cap dividend growth stocks and I try to get a good deal on them, like when BP happened I bought up more XOM since the good usually go down with the bad, but not as far.