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?