(no subject)

[cblj_backup]

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....

Comments

[copperbadge.livejournal.com]

HAH yes, that is a good rule! Good on you for doing that with your students, too. They're lucky -- they have so many more accessible ways to monitor the stock market. Back when I was a kid it was the stock page, which told you next to nothing about anything unless you had an MBA.