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December 06, 2005
Up another step in financial maturity: investing in the stock market
Last month I signed up with Sharebuilder with the $40 promotion (using code GIFT40). Check Bargaineering for updates on current promotions. My goal with investing in the stock market is to lay down some money I can afford to lose, and just ignore my portfolio as much as I possibly can. It's been a tough battle. I've been checking Yahoo Finance every chance I get and watching MSNBC at odd hours to see how the stock market is doing.
I've put money into ATYT, DALRQ, MSFT, NVDA, and VZ. :crosses fingers:
By the way, don't follow my lead if you're not ready to. I've always been told never to invest money I can't afford to. Also, I don't claim to know anything special about any of the stocks I purchased. Really, I have no idea what I'm doing, but I thought this could be a fun/interesting experience.
Posted by Stacy on December 6, 2005 09:51 AM | Filed In: 101 in 1001
Comments
You'll become a millionaire and lose it again before you know it. lol
Posted by Alan at December 6, 2005 12:30 PM
For me it's all about throwing it into a S&P 500 tracking fund w/low overhead (VFINX or the like) and checking back in 40 years to see where it is. Compound interest is a marvelous thing :)
... assuming China doesn't (economically or otherwise) compound the USA into oblivion :)
Posted by syndromes at December 6, 2005 08:14 PM
Hi,
You invested in 3 tech stocks, a telco and an airline... Scratch that, a horrible airline. Be ready to loose all that money.
At least diversify if you're not sure what you're doing. Then again, if you know something I don't, more power to ya'.
Posted by Jimmy Cramer at December 7, 2005 11:25 AM
If you never try, you'll never know ;) Maybe now you'll become a stock wiz and win thousands overnight! :P lol
Posted by Milla at December 7, 2005 04:10 PM
I still don't deal with the investing because with my work, I'm not supposed to be investing in certain companies, so I don't want to do anything that'll risk my job... So sad. Good luck with the market!
Posted by suki at December 7, 2005 04:48 PM
you got a nice website
Posted by konnie at December 8, 2005 11:33 AM
My sister just began dating a financial planner from American Express so I've been hitting him up for some tips before I dive in.
Posted by Angela at December 8, 2005 04:00 PM
Always always KNOW what type of stocks (actually, fractional ownerships in businesses) you are purchasing. If you can't explain precisely what and why you're buying for each stock on paper, you shouldn't be touching any of these.
Moreover, take a basic course in financial analysis & accounting. It will help you check the overall health of the company via its interim & annual reports. Now, you wouldn't buy any ol' rag off the street without checking overall fit & design?
'Nuff said.
Posted by Sai at December 8, 2005 06:45 PM
Never invest in anything you haven't throughly scrutinize in writing. It's like buying formal evening wear without trying it on for size!
P.S. Get rid of the airline unless you want to take a punt on the short term correction in oil prices next year. As for the 3 techs & telco, all are well known brand names but again you have to check out their "guts" (that's state of financial health). Take a side course in financial analysis and/or basic accounting. It will help you immensely!
Posted by Sai at December 8, 2005 06:55 PM
