JPM Stock will go up?

Question

I am a beginner in stocks. I used $10,000 to buy Bear Stern a while ago, then it turns into JP Morgan stock. Now JPM is $38 per share and $7200 in my account. I wounder should I back out if I reach up to $40s per share, or should I stay long term and wait when it reaches back to $50s per share then it.

Answer 1

wait

Answer 2

listen very carefully

get out of this market til next year

too volitle

your investment haven is physical GOLD

just by your querry i feel unrest and it is justified

Answer 3

Financials are tough right now, but JP Morgan is one of the best run companies of the bunch, so I think it is a good long-term play (3-5 yrs), but the volatility will be high in all the financials for a while.  If you can withstand the rollercoaster ride for another 6-12 months, stay with it.  The 3.8% dividend will help generate some income for you as well to help ease the pain of the volatility.

Answer 4

You're a beginner, & you've already lost 1/3 of your money.  I suggest you either start picking better stocks, or buy mutual funds.  And buying mutual funds would be my recommendation.  

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