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cblj_backup) wrote2016-03-07 03:17 pm
cblj_backup) wrote2016-03-07 03:17 pm
(no subject)
So, I decided I wanted to learn more about the stock market.
Well, it's always struck me as a terribly irrational way to run an economy, but if I'm going to dislike it I should understand why. And really the only way I learn is by doing, so I asked Nakki about it, since I knew she did a little investing, and she pointed me to the RobinHood app, which lets you buy and sell stock in realtime for no fee.
I threw fifty bucks in and built a portfolio, just to kind of see what’s what, and today I made my first sale -- I bought Grubhub at $18 in late January and just sold it for $25. Probably I shouldn't have sold, but the whole thing's an experiment, not a wealth-building exercise, and seven dollars' profit is a bonus.
Plus it freed up just enough cash to buy into Fitbit. :D We'll see how well my picks continue....
Well, it's always struck me as a terribly irrational way to run an economy, but if I'm going to dislike it I should understand why. And really the only way I learn is by doing, so I asked Nakki about it, since I knew she did a little investing, and she pointed me to the RobinHood app, which lets you buy and sell stock in realtime for no fee.
I threw fifty bucks in and built a portfolio, just to kind of see what’s what, and today I made my first sale -- I bought Grubhub at $18 in late January and just sold it for $25. Probably I shouldn't have sold, but the whole thing's an experiment, not a wealth-building exercise, and seven dollars' profit is a bonus.
Plus it freed up just enough cash to buy into Fitbit. :D We'll see how well my picks continue....
no subject
Good luck, though. Seems you have rather the hang of it. And I like that idea - if you dislike something, learn as much as you can about it!
*HUGS*
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