From my Title you would believe I was this filthy rich investor. The reality is I am quite the opposite and not even a real investor but I can pretend to be :)
Anyway, I keep track of how my stocks are doing and so far they are all in the red which is'nt good but that's to be expected. I am looking to see how it goes in the long run.It's a good opportunity to buy stocks if your house is in order.
So far my new picks are JNJ and Coca Cola.
I looked at Coca Cola's financials and they seem to have a high level of debt but their cash just about covers it. Their current ratio is 1.2 which is good but their Quick ratio is 0.39. I believe a Quick Ratio of 1 is usually the best. However, I still purchased because of the fact that Coca Cola has a patent for it's product and cannot be easily copied.
For that same reason I would look into pharmaceuticals as well for investing.
Hmmm.....still have some catching up to do with other Blogs....checking out Bloomberg channel too for stock info and investopedia tools to learn some more ......
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