"Cheap stocks" are usually "cheap" for a variety of good reasons. Therefore, avoid them. And, if "expensive", there's no reason to own them as they are probably on their way to "cheap".
If you want to invest $15,000, buy stocks of sound, well run companies. Look at companies whose products or services you buy or use. The best performing stock for 2015 was Amazon. It sells for a very high price and has never made any money (had any earnings).
Another "rule" I'll pass along is, good stocks trading at $90 a share, frequently go to $100 or beyond. If that's what you mean by expensive, then that might be a partial qualifier.
Regardless, do you homework on any stock you pplan to buy. Have solid reasons for buying it and before you buy it, set a price below which you will no longer own the stock. Then, stick to your plan.
Hope this helps: Happy New Year!
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