First stock purchase

[TheoPetro]

welp at 21 I put in my first order for a few shairs of IBM. Hopefully after my finance courses it wont take as long to pick a stock next time. Now I can talk about diversifying my portfolio...by buying anoter stock/fund for a total of 2!!!

wish me luck

 

[ChaoZ]

How many shares?

 

[mugs]

Buy AAPL. Your portfolio will be highly diversified.

 

[Slew Foot]

With a stock like IBM youre best off reinvesting the dividends, periodically buying more shares, and forgetting about it until you retire.

 

[DarkThinker]

How much did it cost you?

 

[chuckywang]

Where did you go to buy it?

 

[TheoPetro]

tdameritrade, the cost per trade is like $9 I think. They give you access to a few different reports. This was just kind of a little experiment untill I really start getting $ to invest this summer.

 

[ch33zw1z]

you experimented with a stock which costs about $100 per share?

 

[thomsbrain]

with the amount of money you're likely dealing with, you should be buying mutual funds, not individual stocks.

besides, if you're only buying a little at a time, think about how much higher it will have to go just to pay for the trade cost. it could be a year or two before you break even, and that doesn't even count the cost to SELL it again!

 

[TheoPetro]

Originally posted by: thomsbrain
with the amount of money you're likely dealing with, you should be buying mutual funds, not individual stocks.

besides, if you're only buying a little at a time, think about how much higher it will have to go just to pay for the trade cost. it could be a year or two before you break even, and that doesn't even count the cost to SELL it again!

I plan on holding them