Sam's Backup Page (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
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
no subject