I’ve recently started investing money in the stock market. I made my first real trade February 19th of this year and have been fiddling around since. There’s not too much to say at this point, except that even with all its risk, I’ve still managed to earn a lot more in stocks than any bank savings account ever could. I don’t have a great huge sum invested, but it’s certainly (a few thousand dollars) sizable.
Now if you’ll look at the crummy (I could’ve made a shiny one, but I feel this gives it that “homey” touch.) graph I drew, you’ll see my progress marked every 15 days or so. While this doesn’t paint you the complete picture of how well or bad I’ve been doing, you should be able to see that I’ve certainly done well for myself. The S&P 500 is an index of companies which supposedly paints the most accurate picture of the status of United States’ stock market. For those of you who’ve been keeping up with the news, you should know that right now is not a happy time for the US economy/stocks. The housing bubble exploded around October/November, and its effects have had widespread negative effect throughout all the areas of the US economy.
What was I thinking, investing at a time like this? I saw a great opportunity, that’s what. About 22% in a month and a half. Not bad, eh? It would’ve been around 40% if I hadn’t made an angry trade yesterday, but that’s water under the bridge. I’ve made more in a month or so than I would have earned with a savings account for a couple years. I’ve been meaning to invest into stocks for a long time, but external factors kept me from doing so. My boss’ own trading activities piqued my interest, and that along with my disposable income thats been sitting, I figured I should give it a try myself.
Now that I’m a veteran of a month and a half, (laff) I’ll try to share what I’ve learned in a later post. Until then, I hope to become very rich. Wish me luck.