(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

[a-phoenixdragon.livejournal.com]

They deliberately make it overly complex, just so the 'little people' won't get involved. If anyone could do it, what is the point of the punters? LOL!!

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*

[copperbadge.livejournal.com]

I do think they've worked very hard to make sure nobody who might actually need the money can invest :D