I just put $196 into GM

[IronWing]

$196? Do you need to register as an insider now?

 

[Cattlegod]

you will probably hold it not for 5-10 years but for about 1.5 years.

 

[alfa147x]

Originally posted by: Naustica

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.

im not poor im actually very well off
Im a photographer so i invest most of the money into my self

 

[alfa147x]

Originally posted by: Cattlegod
you will probably hold it not for 5-10 years but for about 1.5 years.

thats what my dad said

 

[alfa147x]

Originally posted by: ironwing
$196? Do you need to register as an insider now?

insider ?

 

[IronWing]

Originally posted by: alfa147x

Originally posted by: ironwing
$196? Do you need to register as an insider now?

insider ?

Isn't $196 about a 15% stake in GM?

 

[alfa147x]

Originally posted by: ironwing

Originally posted by: alfa147x

Originally posted by: ironwing
$196? Do you need to register as an insider now?

insider ?

Isn't $196 about a 15% stake in GM?

more like 50%

 

[Chaotic42]

I did the same thing on Monday. I bought Ford, Northrop Grumman, Morgan Stanley, Wells Fargo, and GM. I sold the Well's Fargo for a decent profit. I'm holding on to the others because I believe they are all undervalued.

 

[andylawcc]

Originally posted by: alfa147x
first 14 trades are freeeeee

lolz

 

[TipsyMcStagger]

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

First rule of investing in the stock market is don't put in money that you can't live without. So if you could part with $196 and not cry if it all disappeared tomorrow with the chance that it could be worth a good bit more in the future, thats all that counts.

 

[alfa147x]

Originally posted by: TipsyMcStagger

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

First rule of investing in the stock market is don't put in money that you can't live without. So if you could part with $196 and not cry if it all disappeared tomorrow with the chance that it could be worth a good bit more in the future, thats all that counts.

thats why it was only 200$

 

[SparkyJJO]

Originally posted by: 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.

I don't share your cynicism.

 

[thespeakerbox]

196? wow , thats stupid.

I cant even begin to explain how investesting such little money isnt worth it. You would have been better off buying 3 elmo dolls and netting 200% come christmas.

 

[alfa147x]

Originally posted by: thespeakerbox
196? wow , thats stupid.

I cant even begin to explain how investesting such little money isnt worth it. You would have been better off buying 3 elmo dolls and netting 200% come christmas.

explain please...

 

[thespeakerbox]

Originally posted by: alfa147x

Originally posted by: thespeakerbox
196? wow , thats stupid.

I cant even begin to explain how investesting such little money isnt worth it. You would have been better off buying 3 elmo dolls and netting 200% come christmas.

explain please...

Sorry if i was a little harsh in my previous post. But in your situation, investing in stock is not the best thing to do with your money. There is always opportunity costs to weigh before putting money anywhere. If I put myself in your shoes, this is what I would do. I would take the 200 dollars and spend some of it on business cards and wedding photog books. Everyone wants to remember weddings and they pay pretty good. Use your current equipment to scrounge up whatever cash you can. Once you have enough to buy a nice prime, buy it and continue to bring in income with something you like - photography. In college, you can continue to shoot weekends for extra cash. Get a website and get good. Make and save as much money as you can. Once you have a good safety net , and some emergency money built up, then think about investing your cash in the stock market or similar. One of the biggest mistakes I see is people not being able to manage their personal finances. Instead they want to jump into investing, thinking it's going to make them rich. Even if you have the cash and "want to keep it for the long run," it's still not the best use of your money at this point in time. Good luck.

 

[0roo0roo]

as said, stocks are for when you have a bit more than that to throw down. its an extra gamble

 

[DAPUNISHER]

Wal-Mart dropped 8% yesterday, buy some.

 

[CPA]

Originally posted by: 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.

How does someone "loose" money?

 

[Lamont Burns]

You'd be better off finding some additional funds and seeking out a Wii. Then hold that asset short term until December, and resell at a larger profit than that GM stake will ever give you.

It may be hard to find, but you're in HS and have nothing better to do anyway.

 

[classy]

Originally posted by: 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.

Clearly you have never done any trading in your life. Rule number 1 is risk vs reward. A $196 dollar investment is not much risk at all. And in 10 years if his $196 turns into $1000 then he did very well. There is no guarantee in buying stock in any company. You should always buy low and look at the potential of the stock as long as you can sit on it for several years.

 

[rchiu]

Originally posted by: thespeakerbox

Originally posted by: alfa147x

Originally posted by: thespeakerbox
196? wow , thats stupid.

I cant even begin to explain how investesting such little money isnt worth it. You would have been better off buying 3 elmo dolls and netting 200% come christmas.

explain please...

Sorry if i was a little harsh in my previous post. But in your situation, investing in stock is not the best thing to do with your money. There is always opportunity costs to weigh before putting money anywhere. If I put myself in your shoes, this is what I would do. I would take the 200 dollars and spend some of it on business cards and wedding photog books. Everyone wants to remember weddings and they pay pretty good. Use your current equipment to scrounge up whatever cash you can. Once you have enough to buy a nice prime, buy it and continue to bring in income with something you like - photography. In college, you can continue to shoot weekends for extra cash. Get a website and get good. Make and save as much money as you can. Once you have a good safety net , and some emergency money built up, then think about investing your cash in the stock market or similar. One of the biggest mistakes I see is people not being able to manage their personal finances. Instead they want to jump into investing, thinking it's going to make them rich. Even if you have the cash and "want to keep it for the long run," it's still not the best use of your money at this point in time. Good luck.

Dude, the guy is just trying to get his feet wet with his $196. What's wrong with that? You have to start from something, and try out investing with small amount is a good idea.

GM is a risky investment, because right now it is not competitive, burning lots of cash, and the auto-industry overall is looking at sharp decrease in sales because of the overall economy. So it may get lower before it gets higher. in the short run. There is a probability that it won't survive the current economy crisis so the long term prospect is a question mark.

If you look for long term investment, I'd look at more stable company, like Intel, GE, IBM, HP...etc, but in any case, you have a small investment there, so just do whatever you feel like and get a taste of investing.

 

[alkemyst]

you talking 196,000?

If only $196...WTF does it matter, seriously?

 

[alfa147x]

Originally posted by: alkemyst
you talking 196,000?

If only $196...WTF does it matter, seriously?

its a 1st investment

 

[compuwiz1]

$196?

I made $500k on commodities tuesday, but it took a bit more than $196.

 

[Tim]

Originally posted by: CPA

Originally posted by: 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.

How does someone "loose" money?

Wiggle it around, stretch it, pinch it, bend it.