I just put $196 into GM

[alfa147x]

Originally posted by: compuwiz1
$196?

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

how old are you? Im 18....

 

[alkemyst]

Originally posted by: alfa147x

Originally posted by: alkemyst
you talking 196,000?

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

its a 1st investment

It's the 1st something, wouldn't call it an investment.

I'd look at getting a 401k started rather than throwing change at the market esp on big risks.

If you had a few grand to invest and wanted to put $200 on GM, it wouldn't hurt..

 

[Gibson486]

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 know....why would you invest in AMD right now? Ther eis really nothing in the horizon that says AMD will improve.

 

[Vehemence]

Nice, gotta start somewhere. I didn't do shit with investing in high school and I bet most don't, so even if it's a small $200 investment, you're starting off better than a lot of your peers.

 

[Gibson486]

You do realize that in order to make $1000 off this transaction, the stock will have to go up by 600%?

 

[ponyo]

I understand you have to start somewhere. But that's why they have savings account. You save until you have enough money. $196 is not enough money. If you want to get your feet wet, paper invest until you have enough money. $196 is total waste of time and money.

 

[manlymatt83]

Originally posted by: dNor
Nice, gotta start somewhere. I didn't do shit with investing in high school and I bet most don't, so even if it's a small $200 investment, you're starting off better than a lot of your peers.

I agree with this

 

[SparkyJJO]

Originally posted by: Gibson486

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 know....why would you invest in AMD right now? Ther eis really nothing in the horizon that says AMD will improve.

4870 is a strong card now. Shanghai and Deneb look to be pretty decent as well, though of course not everything is known about them yet. And it isn't like AMD can fall that much lower anyway. It would be more of a longer term (few years minimum) investment, not something I expect to make money overnight.

 

[hanoverphist]

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.

this is among the stupidest things ive ever read here.

 

[TheoPetro]

Good job on having the sense to start early but I am concerned that you neglected to do your due diligence on this company before you purchased shares in it.

Where did you do your research?
Can you read and understand a financial statement?
What other companies did you look at and what GM competitors did you look at?
What does the market look like?
Did you buy for value or growth?
If value, how did you value the company? Did you use the DCF model, the Gordon model, or a variation of one of these, or did you make up your own?
What is the potential upside vs the potential downside risk to owning this stock?
Do you understand that you are not buying some statistical ticker symbol and that you are actually buying a piece of this company?
How long did you spend on your research?
Did you look at past performance or was your research based on future expectations?

These are just a few things I ask myself before purchasing any stock. Remember that "trading" will lose over the long run but "investing" will earn you a modest gain. I would advise you to pick up a micro economics text just to get an idea of market forces, a financial accounting text book to learn how to read and understand financial statements, beginning and intermediate finance textbooks to learn how companies and stocks are valued, and a book on financial systems to learn how markets work. After those are done any books by/on Warren Buffett or Benjamin Graham will work. Those should set you up nicely to be able to understand what goes on and how to make sound investments.

Good luck