Monday, October 7, 2013

Investing Fun Money

Since I liquidated my stock account a year ago to pay for our house, I've missed buying individual stocks. I like having a lot of risk with a little bit of money. I like watching the stock market and my own account to see if I'm up or down. I like researching and buying a stock that I think will make me money.

I have managed to hold off for the last several months because the stock market was doing so well. I don't want to buy stocks at full price but on sale. October is a notorious month for the stock market so I wanted to keep an eye out for a good deal. On Friday I couldn't wait any longer.

I transferred just $300 into my old Sharebuilder account and made a small purchase. I bought Titan Machinery, stock symbol TITN. I have owned this stock before and made quite a bit of money. I sold it a year and a half ago for around $31 per share. I bought in again at around $16 per share.

I hope I make some money but it feels good to be buying stocks again, even if very casually. Do you buy individual stocks? How do you decide what to buy?

11 comments:

  1. I started buying stocks on share builder back in 2008. None of my individual stocks have made any money. I'm not very good at it. I mostly just buy stocks from companies I like. I quit investing in this account about 6 months ago. I'm watching for any of my stocks to go positive and then I'll sell them.

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    1. Knock on wood. The only stock I've lost money on is GM.

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  2. I know NOTHING about the stock market. As long as you have the money and you are ok to ride the waves....have fun with it! I don't have the stomach for it.

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    1. Mysti, I take some risk but nit a ton. I mainly buy household names.

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  3. Yay for you! Most people have their wealth stored in just one asset class, their homes. By diversifying into the financial markets investors stand a better chance to get rich in the long run. The S&P 500 is already up 15% this year so far, and over the last 5 years it's been up 50%. The rich gets richer while the middle class stagnates because most people in the middle class aren't as heavily invested in stocks like the wealthy are doing. I have Google, Apple, Amazon.com, McDonalds, Priceline, Caterpillar, and Deere. Plus a whole bunch of Canadian stocks :)

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    1. The only one I have in common with you is Caterpillar. I did well with that stock:)

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  4. I have about $2,800 in Scottrade that I play around with. It's very hit and miss, but I started with about $2k back in... 2007 I think?. I like to read Jim Jubak over on MSN Money for investing advice. I think my biggest problem is waiting too long to sell. I'm trying to get better about that instead of being greedy. I just sold some shares of ALVR I'd bought a couple months ago trying to make a quick buck. A couple of days after my first initial purchase, this stock went up about 58%. I should have sold then, but instead I bought more. Turns out it had topped out that day and that is where my greed bit me in the butt. Today I was up about 25% with both of my purchases averaged. I decided to go ahead and sell all but 100 shares since they're going through a receivership and I don't feel knowledgeable enough to forecast what that will mean for the stock in the future. As this stock is very cheap right now, the 100 shares are costing me less than $100 and I get to do an experiment to see what happens through the receivership.

    I've been told that you should only buy stock in a company you understand. I don't always follow this rule, but if it is a company I like, I try to think about what makes me like it and what makes it stand out over its competitors. My biggest regret is not buying RRGB several years ago. A competing chain opened in the area and I tried it but ultimately liked Red Robin a lot better. I didn't buy it at the time because it was kind of expensive for the money I had available to buy with. It's over tripled since then. Bummer.

    I bought 50 shares of your TITN stock today with some of my ALVR sale proceeds. Call me sentimental, but I have an old Case tractor that I love. You're welcome! Ha!

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    1. Thank you! The funny thing is that we didn't even buy a Case.

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  5. I'm with Mysti - I know nothing. I can do the 401k & IRA stuff, but beyond that I am clueless!! I think it would be fun to play around a bit, but I would even know where to start!

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    1. that should say I WOULDN'T know where to start :)

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    2. Honestly, I just started but I don't know a lot of stuff.

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