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Playing the Market
I finally took the big jump. I'm investing in the stock market.
I ran into a little bit of money, and I figured "rich people invest and get richer."
It's either boom or bust to me, but hopefully I can succeed.
The most important aspect of investing is research.
Don't invest in a company until you know the inside and out of that company.
Penny stocks don't make much sense to me, but that's just me.
I, by no means, have any expertise in the stock market, Standard & Poor's, Dow, NASDAQ.
They all seem so foreign, but in time, I hope I know them like I know the salary cap for every NFL team.
I have a kid on the way, so why not be smart with my money.
I have some in savings, but I haven't started a 401K at work yet. I haven't been here a year yet, so I guess I'll wait a little longer.
But the more important question for me is, what stock do I invest in.
I only put $500 in my online account, so I have to start somewhere.
Do you look for general appeal, how much do I trust other people's words when investing.
It seems like everyone is a seller in the stock market.
I'm currently looking at Apple Computers, Microsoft and Google.
Where do I start though. For stocks, they look to be pretty solid investments, but purchasing just one Google stock would eat up 90 percent of the money I want to invest.
What to do, what to do??
Posted by Clayton Hein at 02:25 PM | Permalink | Comments (0)
