I don’t like to recommend stocks, but in the October 26 edition of our newsletter the Prosperity Report, I said the following when asked whether there are stocks I recommend:
“Yes, I do at times. With any stock, it is basically a gamble. However, you can sometimes find bargain prices on stocks with strong fundamentals. At his point people will usually say “OK. Give us an example.”
There are probably quite a few bargain stocks right now, but I happen to like IBM. It is currently trading at $173.32 -up $3.92 for the day, but is still a good buy and worth watching. By way of disclaimer, I own IBM stock myself.”
Two weeks later, on November 10th or so, Warren Buffet announced that he had just purchased over $10 billion of IBM stock for his Berkshire Hathaway portfolio. Makes me wonder whether he read the Prosperity Report to get his advice!
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