Saturday, February 5, 2011

Want to invest in big names?

As of today, you’d need $34,664 to invest in Apple Inc. (NasdaqGS: AAPL), $41,100 to invest in General Electric (NYSE: GE), and $61,140 to invest in Google Inc. (NasdaqGS: GOOG). That’s because while the unit price is within reach of most people ($346, $20.55, and $611.40 respectively), you have to buy shares in bulk (100, 2,000, and 100 respectively).

With those sums in today’s market, you could buy a foreclosed house. On the other hand, President Obama just recently asked General Electric Chief Executive Jeffrey Immelt to lead
the President's Council on Jobs and Competitiveness. Opinion is divided on the value of GE stock, but long-term GE appears to have an inside lane.

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