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Author: OCADA One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122  
Subject: Re: Seems like a good board, anyone out there? Date: 5/16/2008 6:30 PM
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hey guys,

I keep seeing the "invest in what you know" suggestion and it makes sense. The problem is, I don't know anything that well :). Does investing in what you know mean an industry you are familiar with because you work in the industry or is it something like a store you like to go to(like your chipotle stock)?

I was thinking about investing in costco because I've been a member for years and its amazing how much high end stuff they carry now. I think it would be a good bet in a recession market since people will be looking for ways to save. Its ~$70 a share right now which is high, but it looks like a solid company overall.

As for the recession talk, I think we're heading towards one, but I doubt we'll be able to conclude much until later this year. Q1 profits have been positive, but unemployment has begun to creep up and inflation is definitely a concern. Both of those are likely good leading indicators of a coming recession, even if sales are ok now.
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