Understanding Equities - Question 72

What stocks do you recommend that I buy?

It would be presumptuous for me or any other investment advisor to recommend specific investments to you without knowing anything about you. Unless I know your personal background; your name; if you are single, married, divorced or widowed; number of dependents', your occupation, annual income and investment objectives, I couldn't begin to recommend a stack to you. In addition to making specific recommendations, I need to know your investment experience, level of expectations, the types of investments you have and your tolerance for risk. Also, what is the value of your assets? Retirement assets? Debts (including mortgages)? Is there anything unique about your situation? Any health concerns? Legal concerns? Potential inheritances or proceeds for sale of a business or practice?

Obviously if you won a $25 million lottery last year and it is payable over 20 years, your financial situation will have changed dramatically.

These are only some of the reasons why investments that are appropriate for some people are completely inappropriate for others. When a complete stranger telephones you and tries to sell you an investment without discovering fist if it suits your needs, you should politely say “no thank you” and end the conversation.