Hey readers, hope everyone enjoyed the holiday weekend that recently passed. Today I’m writing about something I know basically nothing about. Ok, so I wouldn’t say nothing, but I am definately not a broker or even close to a professional stock trader. I’m just a guy with a few extra dollars trying to squeeze a dollar out of a nickel. So in no way is this supposed to be trading advice or how to get into the stock market this is just me talking about my experiences.
I learned a little about stocks maybe in junior high but never paid much attention to it in my adult life. Now that I’m a year shy of the dirty 30 and the economy is basically gone to shit why not waste a dollar that’s drastically about to drop in value anyways. From what I can clearly recall the stock market is this big place where people are dressed in suits and constantly shouting “buy” “sell”. Not that I am an adult it does seem about the same. However awesome apps make it easy for even a simpleton like myself.
Given the times that we are in I wasn’t really sure what to invest in but if I can remember anything from school it’s “buy low, sell high”. I also was taught to buy realistically. With all of the things right now I’m not sure what’s realistic. But I do know what’s familiar and I do know what company’s I use on an average basis. And a lot of those companies were way outside of my budget. Next best things was to find something cheap and isn’t plummeting into the abyss with the soon to be recession. If it can happen to australia it can happen to america.
So what was my first stock? Well with only about $20 I was willing to lose in my first investment I went with what I know and what might make a turn around. I came across alot of companies that appear to be the on the rise through it all but still just above my budget cap at $80-$100ish a share. So I set my eye on the good ol wholesome company that already have proven tried and true to still be around and worth at least something. Basically if I can recall a company from the 90s and it’s still kicking even with a few dips in the market, I’ll out my faith in that. Even with a recent thumbs down from JP Morgan I went ahead and bought a few share in General Electric (GE).
So what do I do now? Nothing. You sit. You wait. You watch. And eventually you SELL. I figure with the share prices so low there’s almost a guarantee that I can make a few bucks at least. Or the bare minimum and break even. See, told you I have no idea what I’m doing. I’m trying to make my money work for me. Why have all your money in a checking account collecting dust when it could be in a savings account collecting interest. You should never leave money on the table.
Just another added part to my morning routine. Check my investments in the stock market and hopes that one day soon I’ll make a profit. There’s a few higher budget share companies if anyone is interested and want to know what I think. Again I am not a stock broker or a professional. Just a guy with a few bucks trying to make a few more. Happy fall everyone, don’t forget to stop check out the changing leaves on a tree, it’s oddly satisfying.
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