AOL Stock

[Rogmok]

not sure which forum to put this in..

but i have a question.

I just found out that my mom had given me a bunch of AOL stock when they split way back when. Its not that much.. and its depreciated significantly since she's given it to me.

I dont' know anything about the stock market, but for some reason i just don't think AOL is a good stock to hold on to.

So i'm thinking about selling it and buying somethign else. I know there are some market savvy people here. What should i buy?

Keep in mind, i don't day trade.. whatever i buy.. i'll prolly let it sit in there for years and years, so whats a good long term blue chip stock?

its about 6 G's.

[ism]

Are you paying a fee or anything to maintain your brokerage account? If not, I'd let it sit for this year. Right now most analysts are saying hold or buy. It won't be where it was but if you have time it will recover a bit. AOL may be shit but you've got Time Warner too. Cable's probably going to expand this year.

You can't diversify too much with $6k. Have you considered a mutual fund? You're pretty young, look at something with small caps and international.

[myself808]

Strictly speaking you don't own AOL stock. It was converted to Time Warner(TWX) when they merged. Currently its around $20 dollars per share. I'd also do what ism says: check what brokerage is holding them for you and do they charge any fees, some charge an annual fee just for the privilige of giving them your money, if thats the case move it, many brokerages charge you nothing if you have a certain minimum balance. Further he is correct in that you don't want all you $$ on one single stock, like the saying never put all your eggs in one basket. consider a mutual fund. You might want to educate yourself about stocks and investing. the ___ for dummys books are a good start.

[Yeahman]

Strictly speaking you don't own AOL stock. It was converted to Time Warner(TWX) when they merged. Currently its around $20 dollars per share. I'd also do what ism says: check what brokerage is holding them for you and do they charge any fees, some charge an annual fee just for the privilige of giving them your money, if thats the case move it, many brokerages charge you nothing if you have a certain minimum balance. Further he is correct in that you don't want all you $$ on one single stock, like the saying never put all your eggs in one basket. consider a mutual fund. You might want to educate yourself about stocks and investing. the ___ for dummys books are a good start.
It was still AOL at the time of the merger. It converted to TWX when they dropped the AOL name a couple of months ago.

Small caps doing really well right now. Made 9% over the last month in the Vanguard small cap index fund. It was up like 50% for the year or some crazy figure like that. I don't trust mutual funds anymore. Since you're investing and not trading, I'd divide my $6000 into a couple of index funds. I'm not putting any more into the small caps. Too risky. I'm putting the rest into the total stock index.

[TB4000]

Just hold onto it for now. This entire area has a tendency to fluctuate, no matter how low its points are at the current.

[SunWuKong]

if you're just going to let it sit, you may want to think about buying an index fund instead.