How do I pick stocks for my limited portfolio? Well, first I do whatever the TV tells me. But second, I pick on a company's historical record. I'm not saying that past performance is any indicator of future earnings. What I'm saying is, do they have a historical legacy (and at least some plan to be viable in a capitalist economy)? Case in point, Ford motor company. I picked it up at $2.9, and its riding at $5.49 this Sunday. I'm pretty impressed with myself. I picked up another 100 shares at $5.00 for my actual retirement account. I'm confident that Ford Motor Company survives this recession. They're already more focused than the other companies. They make a product that people want (the F-150), and they've survived the Great Depression. Over expansion kills companies. When they grow too large, they can't hunker down and hibernate through a bad economy. I watched it happen with Corning Revere (more on that later I think), but I think Ford's going to make it.
Besides, the Demecrats aren't going to let Ford Motor Company go out of business... Right?
-S
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