(04-02-2013, 03:16 PM)bobbyboy1970 Wrote: Mickey D's closed over $100 today! And I still haven't bought yet. Maybe I'm not cut out for this kind of investing.
Perhaps not -- and that would be truly valuable information. "Know thyself" is perhaps the best investing advice of all.
However, if you are still considering an investment in MCD, read this whole thread again carefully, and repeat the following to yourself over and over: MCD is a great company and still yields over 3%.
Could there be a pullback soon that provides you a better entry point? Absolutely. Could it run steadily higher from here? Absolutely. Other than ups and downs, you can't take anything for certain in the markets. Except perhaps this: sometime later this year, MCD will announce another in a long string of annual dividend raises. That raise will increase the value of the investment you make today, and will contribute to the long-term upward pull on the share price.
But listen, if you are so fixated on MCD being near its historical highs, why not look at some other stocks that are not? There are plenty of good names to choose from. Why not get your feet wet with a few shares of MO? or COP? Or, for that matter, just buy 5 or 10 shares of MCD. Sure, it is not super-efficient from a commissions standpoint. But maybe owning just a few shares will let you get comfortable with the ups and downs of ownership -- while limiting your downside. Then if the price does dip, you can pick up a few more and lower your average price.
Good luck!