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Investing in the stock market – Getting started update

Posted by Aimee on Friday, April 4th 2008   

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4
Apr

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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25 Comments   

25 Comments Already

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Greg Said,
April 7th, 2008 @3:34 pm  

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?

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Samuel Blankson Said,
April 8th, 2008 @1:57 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.

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Schufafrei Said,
April 11th, 2008 @3:41 pm  

go ahead my friend..I hope you will able to earn more.

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Aurelius Tjin Said,
April 15th, 2008 @3:15 am  

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! :)

MyAvatars 0.2
e Said,
April 15th, 2008 @4:19 am  

Good move for you. Of course your dividend increases just as your investment also increase.

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Red Dog Leashes Said,
April 15th, 2008 @11:18 pm  

The last word in your post is the most important! It’s good that you know that up front.

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Alan Said,
April 16th, 2008 @1:27 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.

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Rick Said,
April 18th, 2008 @11:24 am  

Dump it if it falls too much, maybe 20%. Why hold on to a looser? Buy something else. Good luck!

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ronny Said,
April 18th, 2008 @9:02 pm  

I invest as well and am somewhat successful.

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nancy Said,
April 20th, 2008 @4:16 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!

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event gewinnspiel Said,
April 28th, 2008 @2:13 am  

investment like this kind of thing is really a risk matter.but some how anyone should know about the matter.

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cohnsey Said,
April 28th, 2008 @4:06 pm  

Great for you. Hey, have you tried sharebuilder? the trades are cheap and it has worked out kinda like a savings account for me.

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psi guy Said,
May 5th, 2008 @11:20 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.

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Frank Said,
May 21st, 2008 @6:36 am  

I hope it ends all good for you

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Adam - Wire Markers Said,
May 22nd, 2008 @12:43 pm  

I agree, investing in commodities is a little bit more predictable, especially with finite resources available and ever-increasing prices.

Investing in the stock market is something I’ve always thought about doing. Good luck with it.

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Luca Govoni Said,
May 28th, 2008 @1:14 am  

Every person want to become rich so many people invest in stock market. That is shortest way to became rich.

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Andris Said,
May 28th, 2008 @2:02 am  

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.

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Dental Websites Said,
May 29th, 2008 @4:33 pm  

I have considered playing around a little with some stocks. Nothing large and not a lot of cash, just mostly to get my feet wet.
I hope you keep us updated on your progress.

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Marc Klein Said,
May 31st, 2008 @3:59 am  

Investing in stock market is a good idea it can give you good profits. But at the same time it important to be careful while investing, one wrong investment and it can be all gone.

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paulette Said,
June 1st, 2008 @6:57 am  

Investing in stock market is risky but high yields. Good luck!

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paul Said,
June 10th, 2008 @11:13 pm  

How many shares did you buy?

I heard that your income depends if the company is making money or not. If they don’t make money, you will loose your money. Sort of like that , is this true?

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Jonas Said,
June 12th, 2008 @1:20 pm  

tough time to have gotten in – any updates?

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Food Grade Warehousing Said,
June 21st, 2008 @3:32 am  

Thanks for sharing idea on share stoke exchange.Fortune Investor has some of the best columns – “Street Life” is my favorite. It has a stock/mutual fund pick, links to online Fortune, Money and Time and gives you and old fashioned ticker (NYSE and NASDAQ) in a separate window. Like most stock sites, it will track your portfolio.

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sixpackabs Said,
July 15th, 2008 @6:17 am  

stock market is the best source for investment opportunities. But it is a very big hassle to buy shares from stock markets.

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Trucking Jobs Said,
July 18th, 2008 @3:44 pm  

i need to start saving some money so i can start investing it. I wonder how much it costs to do an actual trade :/
-Johnny

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