Taking stock
My stocks hit their highest today since I’ve owned them. I sat down and figured out how much money I would have made depending on how I let it work over the last 2 months.
- Keeping my money in a checking account would have earned me $10 in interest.
- Keeping my money in a savings account would have earned me $35 in interest.
- Putting the money in the money market was a better option, earning a theoretical $100 in interest.
- Using Spyders (ticker: SPDR), which are an index to the S&P 500, is a very safe option, because in the long run the market does go up. Spyders would have earned $240.
- My stock picks so far have earned $427
The stock market isn’t as scary or intimidating, or even as foreign, as it once was, with the advent of electronic trading and discount brokerages. If you have money just lying around, it couldn’t hurt to put it in a value stock with slow but good returns!
1:30 pm
Cool, that’s some good earnings. Also if the company gives out dividends that’s always going to increase your earnings.
I’ve had stocks since I’ve been born and bought more over the years. With the exception of one stock (which I now realized was a short term instead of long term stock) I’ve made a lot of money. Stock market, like you said, is a bit safer than it used to be thanks to technology, and some curbs.
5:35 pm
Prrt.
Only works if you have good luck or are stock market savvy. I.e people like me would lose money, not make it
3:59 pm
My strategy has been simple: buy companies that I like, use, or trust. So far, that’s held me really well!