Quote:
Originally Posted by recycled sixtie
I have an aversion to expensive stocks such as Apple and Warren Buffett's. Why?I think it is because cheaper stocks are easier to buy as you need less $$$ and there is less downside. Tantamount to buying a used Porsche versus a new one. I don't like buying super cheap stocks either.
Of course now I have said that I expect Buffett's stock and Apple to go up.That is why I like mutual funds more even though their fees are high. The managers of mutual funds are more likely to be right than me.  It is always interesting to see what the holdings are in the various mutual funds though....... |
I've owned both BRKB (before the split) and AAPL (don't hold either now), and the actual stock price has nothing to do with "expensive". I used low overhead mutual funds for 20 years before deciding to become more "hands on" with my decisions about 10 years ago. It's not for everyone however...but I'm glad I did.