Don’t ignore the obvious

Monday, March 15th, 2010

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Sometimes we search far and wide then - POW -  lo and behold the answer is right at your fingertips.
Looking for a good pizza - you drive 20 miles for some trendy pizzeria  with gourmet pizza and you discover that the place right down the street is twice as good. Investing can be like that - you search worlldwide looking for tech up ‘n comers and alternative energy plays while right there in your own lives lurk great investing ideas.
As I ambitiously lounged on the couch watching the NCAA hoops selection show, I had this thought pounding in my heads “don’t ignore the obvious”!! My half finished Diet Pepsi can was in front of me and I thought buy some Pepsi stock (PEP).  Today Pepsi authorized a $15 billion buyback. I kicked my sweat soaked running shoes from Nike and thought hmm - (NKE).  Today Nike made a new 52 week high above $70 a share. My laptop with an Intel processor (INTC) brought me instant tournament analysis. My band aid from Johnson and Johnson (JNJ) covered a minor scrape. And finally with St Patricks Day looming and surely Guinness from Diageo to be (DEO) drunk - I had my mini-portfolio.

Look around - sometimes great investment ideas are born in mundane spots because you can be sure that many investors and stock buyers worldwide were using the same products that I was last night creating solid demand.

Consult your own investment advisor for how these MIGHT fit into what you are trying to accomplish or call Fagan Associates at 1-800-273-6026 and schedule an appointment.

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Please note that all data is for general information purposes only and not meant as specific recommendations. The opinions of the authors are not a recommendation to buy or sell the stock, bond market or any security contained therein. Securities contain risks and fluctuations in principal will occur. Research any investment thoroughly prior to committing money or consult with your financial advisor. Please note that Fagan Associates, Inc or related persons buy or sell for itself securities that it also recommends to clients. Consult with your financial advisor prior to making any changes to your portfolio.

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