Investing in the stock market - Getting started update
So I did it. I invested in the stock market for the first time. It was actually really easy once the discount brokerage account was set up. I just picked the stock, typed in the amount of shares I wanted and clicked “buy”. When I submitted the order, the share price was $19.55 but the shares were purchased at $19.60 so it was a tiny bit higher than I expected but still a good price considering the payout.
So far the price is staying around the what that I bought it at. This is not a growth stock and I am not expecting huge gains in the price. My first dividend payout will be sent to me on the 15th. I will receive a whopping $11. As I add to my investments that amount will grow, I hope to eventually be collecting enough dividends to support myself. This will take a while but I am patient.
Wish me luck!
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Well, seems like we’re in a resession. And there is always a lot of money to be make if the market is low. Which bank do you use?
Comment by Greg — April 7, 2008 @ 3:34 pm
Best of luck to you! I have also dabbled in the stock market for a while now, and as of current make around $10,000 a year. Nothing extremely great, but considering the amount of work involved, it is well worth the investment.
I will tell you this, you are on the right track, patience is the key to success with stocks. When I first started I thought hey I will drop a few hundred in the market and cash out in a few weeks, never happened. It took some time, but it has been a learning experience. Again good luck, hope everything works out for you.
Comment by Samuel Blankson — April 8, 2008 @ 1:57 pm
go ahead my friend..I hope you will able to earn more.
Comment by Schufafrei — April 11, 2008 @ 3:41 pm
I also wanna try stock market investing but I am quite unsure how to get started. Reading this post made me feel I am not all alone. Thanks!
Comment by Aurelius Tjin — April 15, 2008 @ 3:15 am
Good move for you. Of course your dividend increases just as your investment also increase.
Comment by e — April 15, 2008 @ 4:19 am
The last word in your post is the most important! It’s good that you know that up front.
Comment by Red Dog Leashes — April 15, 2008 @ 11:18 pm
Get your dividends paid in shares initially. your not going to do anything with $11 so reinvest it in the stock rather than getting the cash. When you have say $50 div then maybe start getting soime of it in cash.
Comment by Alan — April 16, 2008 @ 1:27 pm
Dump it if it falls too much, maybe 20%. Why hold on to a looser? Buy something else. Good luck!
Comment by Rick — April 18, 2008 @ 11:24 am
I invest as well and am somewhat successful.
Comment by ronny — April 18, 2008 @ 9:02 pm
I have invested a small amount, but the stock went down so have to be patient if it ever comes back. How do you pick which stock to buy? Have you ever tried forex? I’ve heard so many things and about programs to help you, it’s just so confusing. I would sure like to figure it all out!
Comment by nancy — April 20, 2008 @ 4:16 pm
investment like this kind of thing is really a risk matter.but some how anyone should know about the matter.
Comment by event gewinnspiel — April 28, 2008 @ 2:13 am
Great for you. Hey, have you tried sharebuilder? the trades are cheap and it has worked out kinda like a savings account for me.
Comment by cohnsey — April 28, 2008 @ 4:06 pm
Good for you! I hope all goes well!
-MLM Leads
Comment by Sasha — May 2, 2008 @ 1:30 pm
I have often thought about investing in stock market, but then I thought that perhaps commodities would be a better investment-think about it-oil, metals such as copper, and other products go up in price every day. Investing in commodiities would be the wiser choice, I think.
Comment by psi guy — May 5, 2008 @ 11:20 pm