Stock Market and Other Investments
I have some money invested into the stock market; mostly in tech companies. I invested a couple months ago after researching some reviews and magazines. Recently I have seen a small profit which is encouraging. I am thinking of investing into a couple more companies… but first here are my current listings.
I have a few thousand invested into the following from largest holding to smallest:
- Microsoft – (Stock Ticker: MSFT)
- American Eagle Outfitters – (Stock Ticker: AEO)
- Intel – (Stock Ticker: INTC)
- Eni S.p.A. – (Stock Ticker: E)
- Sirius Satellite Radio – (Stock Ticker: SIRI)
Mainly, I am going to continue investing into Microsoft and start investing into Apple. Recently Apple stocks jumped from around $90 per share to $100+. Think if you had $10,000 in apple. That’s over $1000 nearly over night.
The main thing to know is that I use money that I dont need. I never invest money into this risky of a venture without being able to lose all of it.
Next, make sure to do your research. Find out what experts are saying and invest into a safe stock at first. Since I’m a bit younger, I wont be detrimentally hurt if I lose a couple grand… so I tend to invest a bit more risky than some.
Finally, don’t pour all your money into just stock. It’s smart to have diversified investments. I am working on getting a good combination of:
- Roth IRA’s and CD’s - Long term investments… some tax benefits
- Stock – Long term and short term investments… higher risk
- Municipal Bonds – Tax deferred low risk investments
- High interest Savings – LOW risk but steady 5% return. I am trying to have around 6 months of income in there at all times in case of emergencies.
Technical Information:
- Where do I trade my Stock? – I use Scottrade. If you want to sign up with them, I can get you my referrer link which will get you 3 free trades! (And me 3 free trades!)
- Where do I have my high interest savings account? – I use HSBC Direct. I get 5.05% interest on this account. No monthly minimums, no starting limit. It’s great. In fact, I dont really understand why anyone would not have an HSBC account for savings.
