(see my previous post on why now's not the time to buy Apple Company stock)
A strong blue-chip stock that's on sale right now is the 3M Company (MMM). A nice dip in recent months in the price of this strong dividend-paying stock has made this a good time to buy MMM.
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| 10-year performance of the 3M Company's stock |
Some strong and varied mutual funds are on sale right now...here are some Fidelity funds since they're the ones I know the best. You can probably find similar funds by your favorite brokerage.
Fidelity Value (FDVLX) -includes energy, banking, insurance, and--fittingly--some of Buffet's own company, Berkshire Hathaway. This fund has come back in a strong way since the recession three years ago. Priced around $60 after recently being at $75 earlier this year and beating $90 before the recession. This is a nice discount.
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| 10-year performance of the Fidelity Value mutual fund |
Fidelity Nordic (FNORX) --invests in companies linked to Denmark, Sweden, Norway, and Finland. It has a strong growth history, has bounced back well from the recession and is at a nice discount now (though the way it's bouncing back, it may not be on sale for long.)
and Fidelity Canada (FICDX)
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| 10-year performance of Fidelity Canada mutual fund |
The performance records of the Canada and Nordic funds speak for themselves. But if you happen to be investing for the long term (>10 years), also keep in mind what areas of the world might be doing pretty well, comparatively speaking, as global climate keep changing. Higher latitudes might just be a good bet.
