I just put $196 into GM

[alfa147x]

http://finance.google.com/finance?q=gm

I just bought $196 of GM, first stock purchase ever im planning on holding it at least 5 - 10 years
Just looking for some responses as to how was this purchase
your opinion on this transaction

Thanks,
Alfa

 

[TehMac]

Good idea. As long as you're not a day trader, and don't panic on the first downturn (like today), you might reap a lot of money.

 

[RichUK]

There?s no real issue in the long run, GM are huge.

 

[Schfifty Five]

31 shares?

How much were the commission fees? Gonna be hard to make much money w/ $196.

 

[alfa147x]

first 14 trades are freeeeee

 

[ponyo]

Why bother?

 

[Slew Foot]

$200? That might be $300 in a few years, woooo.

 

[manlymatt83]

Originally posted by: alfa147x
http://finance.google.com/finance?q=gm

I just bought $196 of GM, first stock purchase ever im planning on holding it at least 5 - 10 years
Just looking for some responses as to how was this purchase
your opinion on this transaction

Thanks,
Alfa

Lemme guess, you did it through Sharebuilder and paid a $4 transaction fee and your initial investment was $200? Just a guess.

I bought GM last week and I'm also holding for the long term.


EDIT: nevermind

 

[MustISO]

I've been waiting for it to fall a little bit more before buying it. I'd like to pick up some NVDA as well.

 

[CrazyLazy]

You mean 196 million right? Cause that what the average ATOTer makes in a day.

 

[MrDudeMan]

Originally posted by: CrazyLazy
You mean 196 million right? Cause that what the average ATOTer makes in a day.

Shouldn't you be posting to your blog about your inferior genetics?

 

[JS80]

My guess is $0 in 5 years.

 

[CrazyLazy]

Originally posted by: MrDudeMan

Originally posted by: CrazyLazy
You mean 196 million right? Cause that what the average ATOTer makes in a day.

Shouldn't you be posting to your blog about your inferior genetics?

ATOT is my blog. And I already did that today.

 

[alfa147x]

Originally posted by: manlymatt83

Originally posted by: alfa147x
http://finance.google.com/finance?q=gm

I just bought $196 of GM, first stock purchase ever im planning on holding it at least 5 - 10 years
Just looking for some responses as to how was this purchase
your opinion on this transaction

Thanks,
Alfa

Lemme guess, you did it through Sharebuilder and paid a $4 transaction fee and your initial investment was $200? Just a guess.

I bought GM last week and I'm also holding for the long term.


EDIT: nevermind

No its through Bank of America

 

[alfa147x]

Originally posted by: CrazyLazy
You mean 196 million right? Cause that what the average ATOTer makes in a day.

meh im a high school student about to go to college so I WISH!!

 

[RocksteadyDotNet]

31 x $0 = $0

 

[alfa147x]

Originally posted by: RocksteadyDotNet
31 x $0 = $0

WHat NO WAY!

 

[Reckoner]

Are you gonna build one of those vaults like Scrooge had in DuckTales to hold your fortune?

 

[alfa147x]

Originally posted by: PaulNEPats
Are you gonna build one of those vaults like Scrooge had in DuckTales to hold your fortune?

already did, what can i say im well prepared

 

[jlee]

Originally posted by: Slew Foot
$200? That might be $300 in a few years, woooo.

Yeah, because everybody starts off as a millionaire, right?

 

[IHateMyJob2004]

Originally posted by: alfa147x
http://finance.google.com/finance?q=gm

I just bought $196 of GM, first stock purchase ever im planning on holding it at least 5 - 10 years
Just looking for some responses as to how was this purchase
your opinion on this transaction

Thanks,
Alfa

Rule number 1 of investing:
don't loose money

Rule #2:
Don't forget rule 1

You are fail. Invest in a high quality company, not some company of questionable sustainability.

 

[SparkyJJO]

If I had money I'd invest in GM and AMD... but I don't have money to invest really.

 

[IHateMyJob2004]

Originally posted by: alfa147x
first 14 trades are freeeeee

That's good. Now sell GM, even at a loss and buy something like WFC. Yes, a financial.

 

[IHateMyJob2004]

Originally posted by: SparkyJJO
If I had money I'd invest in GM and AMD... but I don't have money to invest really.

Perhaps it is a good thing that you have no money. YOu won't have to go through the pain of loosing it.

 

[ponyo]

Originally posted by: JLee

Originally posted by: Slew Foot
$200? That might be $300 in a few years, woooo.

Yeah, because everybody starts off as a millionaire, right?

Poor people shouldn't invest. They're better off buying double cheeseburger with the money.