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  #1  
Old 03-05-2006, 02:56 PM
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Buying XM Radio stock and a China mutual fund this week

In a previous life I used to teach 8 investment classes. At one time I was a big time investor and played the market daily. In the last few years I have basically stuck to safe, long-term investments and haven't really done much with stock lately.

I am starting to buy blocks of AM Radio this week (ticker: XMSR). I am buying $200 of XM Radio stock each week for the next few months. This way I dollar-cost average into this stock. Here are my reasons for buying:

1. XM radio stock has come down as of late and is at $21 a share. Stock price really means nothing! The price to sales ratio is at 8 right now and is very good in my opinion.

2. People are eating this up! There are some 15 million subscribers on satellite radio and it is growing like crazy.

3. XM radio is getting into Video at the end of the year and MP3 ordering much like Apple. So, your kids in the back can order Disney videos, etc.

4. The Airlines are starting to add AM Radio service!

Additionally, I am opening up a mutual fund that invests 100% in China (to include Hong Kong). If you are not invested in China, you are missing the boat! I owned China Mobile stock for a few years and it was a gem! I am also researching a few South Korean stocks and mutual funds.

Mike
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Old 03-08-2006, 07:27 PM
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Can you reccomend any websites or books on how to research a company to see if they are a good investment?
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Old 03-08-2006, 07:54 PM
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Might be a good deal to set up a forum area for investments. I have a Scottrade Acct., and a more recent Matthews Asian Fund acct. I agree that it is a prime time for Asia, especially Korea. Just don't put all eggs in one basket, and then only eggs you can afford to lose!
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Old 03-08-2006, 08:35 PM
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An investment club might be cool too. I know next to nothing about finance, but I love to learn. And learning something profitable would be great!
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