By Timothy Kelheart Some stock to consider investing in outside of 401k plans would be stocks in the military industrial complex like Boeing (NYSE: BA) and Lockheed-Martin.(NYSE: LMT) Both have hefty defense contracts with The United States Government. Boeing is one of the hottest stocks of 2017 tha...

By Timothy Kelheart

Some stock to consider investing in outside of 401k plans would be stocks in the military industrial complex like Boeing (NYSE: BA) and Lockheed-Martin.(NYSE: LMT) Both have hefty defense contracts with The United States Government. Boeing is one of the hottest stocks of 2017 that is up 33 percent and it still isn’t too late to purchase this stock and fly the skies with 747s as this stock continues its climb. It is important to note that while these two companies may be competitors it never hurts to bet on both sides of the coin.

Some stocks to avoid are fossil fuel companies mainly within the oil sector. Oil prices have tumbled in the last year and are trading at their lowest for the past 10 years. While some may argue that with the lower price of oil it is worth wild to buy low now and sell high later, but there are simply more stable companies in other sectors that you would be better off investing in.

Lastly, in the technology sector I would recommend investing in Twitter (NYSE: TWTR) as they just named a new financial executive and are looking more resilient in the digital realm with Snapchat (NYSE: SNAP) dropping roughly $10 in stock value since their Initial Public Offering in March. Twitter unlike Snapchat has a platform that is not as easily mimicked; Snapchat on the other hand has been trampled on with Facebook’s Instagram adding a story feature, face altering effects and abilities to edit photos with overlays, text, and filters. In addition to the problems of being copied by Instagram, Snapchat can easily lose their users to the platform that Instagram is building upon. Snapchat and Instagram will be competing for youth users for a long time when constantly release their latest and greatest updates to compete for their time and advertising revenue.

Disclaimer: Invest at your own risk and after you have conducted your own due diligence on stocks mentioned in this article.