Google!
After realizing last week that I was completely not diversified I’ve been actively looking for things to buy. I recently purchased 2 shares of Google today for the first time (GOOG) for a couple of reasons (at a price of $502.50):
1) I feel the downside risk of Google to be extremely small, maybe 10 % maximum from today’s current price.
2) The upside potential though to Google is as high as $750/share, its 52 week high and 50 % increase. Granted, I feel it is more likely to go up to $600-650, a 20-30 % increase in the next few months.
The last time it was down to $480 I wanted to purchase it a few months ago but I missed my window, and I believe I now have that window again. Also, Google allows me to diversify with a Technology stock, and probably one of 2-3 that are any good (the other being Apple).
