| Some investors find the thought of investing in the stocks of individual companies somewhat intimidating. After all, how do you possible decide which companies, out of literally thousands, to choose?
A good place to start is by taking a closer look at the products and services you use in your daily routine. Consider a typical day in the life of an average American.
At 6 a.m., the alarm clock rings, interrupting your peaceful slumber. You reluctantly roll out of bed and head for the bathroom, where you turn on the light (Utilicorp United), brush your teeth (Colgate-Palmolive) and shower (American Water Works).
On the way to work, your cellular phone rings (Nokia and Sprint PCS). It was your spouse reminding you to stop and pick up your new window blinds (Home Depot). You also need to go to the store (Wal-Mart) and grab some Coppertone (Schering-Plough) for your vacation next week.
At work, you turn on your computer (Dell Computer), then return a few phone calls (SBC Communications). Before you know it, your watch (May Department Stores) indicates its time for lunch. You stop by the ATM machine (Bank of America) then grab a quick hamburger (McDonalds) and Coke (Coca-Cola).
On your way home from work that night, the cellular phone (Nokia and Sprint PCS) rings. Its your spouse, reminding you that you need to stop by the pharmacy (Walgreen Co.) for a prescription (Johnson and Johnson).
At home that night, you start a load of laundry (General Electric) while dinner cooks. Later that evening, while enjoying an ice-cold Pepsi (PepsiCo), you and your spouse discuss what color to paint the living room and the possibility of purchasing some new furniture (Leggett & Platt).
These are typical of the goods and services average Americans use every day. Many of these products are provided by companies whose stocks can be purchased publicly. Of course, your loyalty to a particular product doesnt guarantee that companys success, but it does provide a good starting point in your search for an attractive stock investment. By discussing the company with an investment professional, you can determine if the stock provides an attractive investment opportunity or if another company might better suit you investment needs. |