I'm letting my money work for me!  |
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|  Last fall, when the stock market got really bad, I decided to take advantage of that. I've never had stocks before, so I hadn't lost anything so far, but I figured the time to buy is when it's at rock bottom. So I opened an account at Sharebuilder, put $100 of my own money in and over the next couple months put all my internet earnings in. Now, I don't make a lot on the internet, it's usually just fun money for me. Between early November and late March, I put a total of $349.00 into stocks.
Since I've never done this before, I really didn't know what I was doing and had to do little bit of research. I started out buying things that were really cheap - like I bought 53 shares of Circuit City for $20. That was actually my husbands idea, he said if they didn't come back it was only $20. That was the LAST time I let him pick a stock!
Over the course of a few months, this is what I purchased:
Circuit City $20
General Motors $10
Eastman Kodak $20
Dell $20
Playboy $10
Garmin $59
Nissan $52
Nordstoms $40
Ford Motor $118
Now, today, the value of my account is $462.71, I've gained $113.16 plus been paid dividends of $.55. Now, some of my stocks are losing, but some of them are doing quite well. Here's my total value now:
Circuit City $.40 (that was a huge mistake to buy!)
General Motors $3.49 (my husbands idea again)
Eastman Kodak $11.51 (I think they have some potential to come back)
Dell $16.20 (not doing too awfully bad, but I think it's going to do ok in the long haul)
Playboy $9.54 (I just got this one for grins, but it's holding it's own!)
Garmin $67.53 (so far an ok return)
Nissan $61.96 (I love Nissans, that's all I drive!)
Nordstoms $74.32 (I figure the rich are going to keep spending! And it's the only one that's paid me any dividends so far)
Ford Motor $217.75 (my big gainer! WOOHOO!!! I just had a gut feeling on this one)
I've also earned $.01 in interest for the short times I had the cash in the account but the stocks hadn't been purchased yet.
This is definitely a long-term money-builder, but if I were to cash out today, I'd have $113 more than I started with!
So, is anyone else taking advantage of the market prices being down so much?
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1.  jewilim (769)
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3 years ago
| |  Wow, i really have no idea that we could just buy shares of stocks online. Is that from sharebuilder? hmm. I would really be checking that place out. Im really not that familiar with stocks investing but when one buys a stock when is the least of time that he or she could sell it from the time it was bought? Could he buy it and just sell it the next day? I think that is quite fun but i think its also important to keep an eye on the prices of the stocks when it goes up or down.
Does it also require a minimum amount of investment to be able to start out there?
Thanks for the infos..
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| jewilim (769)
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3 years ago
| | oh, i just checked the site out and i though they also do paypal and i think they don't. :(
I thought that i could use my paypal funds to buy some shares but i think they only do bank transfers or wire transfers. And i have also seen that doing withdrawals also would cost you some fees. | | | |
| bikespot (292)
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3 years ago
| |  You cannot add funds through payapl. Only through wire transfer/bank account. This is a real investment , they want to be able to track where funds are coming from and that they are legit.
There is a FAQ somewhere that shows what they accept for funds. Also other questions you may have.
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 reinydawn (4411)
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3 years ago
| | This is not a money-making-scheme or get-rich-quick deal, it's an actual investment account, mostly to save money for the future. It's for people who are serious about investing money. They only take transferes to and from bank accounts, and there are normal invetment fees involved. | | | |
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| 2. Shar19 (3970)
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3 years ago
| |  That's great! Sounds like you really know what you're doing. Good luck.
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| reinydawn (4411)
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3 years ago
| | HAHAHAH!!! I have no clue what I'm doing! I think I just got a bit lucky - so far - with a couple good picks. I just wish I had some more money right now while things are still low. I should be getting my bonus soon and I'm going to put some of that into my account. | | | |
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| reinydawn (4411)
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3 years ago
| | I didn't think I had enough money either, but some times I just put $10 in. There's no minimum really - you just have to be mindful of the transaction fees.
I would love to buy Toyota too, but they're like $80/share. It would take me eons to get a whole share of that! | | | |
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| 4. GardenGerty (35280)
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3 years ago
| |  This is on my "to do" list, but I have not yet. I really should, because I finally have a little discretionary money. I think I signed up for a share builder account a long time ago, but never funded it. It is gratifying to see our "fun money" multiplying as well.
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| reinydawn (4411)
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3 years ago
| | I have always wanted to do this too, and I'm glad I was not able to in the past because it would have all been lost... But now is definitely the time to get in! Hey, if your sharbuilder account isn't valid any more, let me know if you want to resign up. There are some perks for referring people - I think it's like 25 free investments (no transaction fee). | | | |
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| 5. bunnybon7 (7713)
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3 years ago
| |  i did have stocks 2 yrs ago. had to get that money and use it to live on until my disability came through. but, i did have to pay a small sum each year for the handleing of it. ?? not sure why or how that worked. it was like 40 bucks a year i believe.
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| reinydawn (4411)
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3 years ago
| | Yeah, there's always transaction fees or maintenance fees. With sharebuilder you can pick which plan you want. There are a couple with monthly fees, but right now I do the per transaction fee. | | | |
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| 6. bikespot (292)
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3 years ago
| | True on the part about buying when the market is bad. I did think of that before , but just wasn't sure how things would turn out in the long run nor do i think anyone knows.
I think you got lucky really. More like just betting on a sports team to win. You may get ahead here and there but your alot more likely to loose in this economy. Who knows how worse it could get. Its interesting though how you went about it and came out with extra.
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| reinydawn (4411)
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3 years ago
| | Yes, it still is a gamble of sorts. And I'm kinda treating it the same way I do my gambling money - I don't spend the mortgage on this, only "extra" money. If it grows, that's good, but if I lose it it's not going to put me in the poor house. Right now it's just for fun - and it's more fun since it's growning :) | | | |
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| 7. msgissatan (34)
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3 years ago
| |  Congtatulations to you can get so many benefits,hope you can also get more income.Every day happy!
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| reinydawn (4411)
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3 years ago
| | I'm hoping that it keeps growing also :) | | | |
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8.  net101 (153)
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3 years ago
| | Investing in shares is always good when you are knowledgeable about it. especially in money matters risk is always there. If you have little spare money and idea of shares, anyone can test whether it is for him. You have to do a lot of research and analysis if you want to remain at the top of affairs. | | | | | | |
| reinydawn (4411)
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3 years ago
| | I am learning and I've been reading up on the companies before I do anything with them now. It's been both educational and fun. | | | |
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| 9. iam007b (22)
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3 years ago
| |  Wow? what was that an investment by accident...nice try bro. wish you more luck..most probably you were borne to lucky...God Bless..
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| reinydawn (4411)
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3 years ago
| | Yes, it was a bit of luck and a bit of being in the right place at the right time. I had I done this a year ago I don't think the results would be the same right now! | | | |
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10.  justszack (310)
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3 years ago
| | wow, speechless!!, no idea to say, congrats and good luck ahead! | | | | | | |
| reinydawn (4411)
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3 years ago
| | Thanks! Hopefully it will keep going well. | | | |
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