Remember the days of Monopoly? You would try to collect all the railroad spaces so you could charge anyone who landed on them. This was quite a tactic in the world of Parker Brothers and it seems it could be quite a strategy once again…in real life.
Put aside the top hat (or whatever Monopoly piece was your personal favorite) and take heed of what’s really going on in the way of railroad stocks and the Oracle Trader.
Up 10% this year, railroad stocks can range in cost from $24 a share to over $100 a share to buy into at this point but it’s important to keep in mind that they are have survived the recent downturns of the market, not to mention the many years since transportation via railroad was popular, and a recession. Those doing particularly well are Union Pacific Corporation, Norfolk Southern Corporation and CSX Corporation.
For new buyers and those looking to venture on a less-risky investment, consider what railroad tracks can do for you. After all, Warren Buffet invested in railroad stocks in 2009 and last time we checked he had a few dollars in the bank. Railway is considered to be a very steady market, as more companies are trying to curb overspending. Business wise, this is a mode of transportation that has stood the test of time. This isn’t to say that the railroad industry isn’t sensitive to the economy.
As usual you should consult a professional, discuss your options and never invest more than you can afford.
