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 11-01-2007, 12:03 AM
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Join Date: Feb 2005
Posts: 1,404
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Made my first $31
So, I started investing yesterday...started with some Mutual Funds.
And today I have $31 more than yesterday...just for letting a small bit of money sit in an RSP instead of my bank account.
I feel like I just won the lottery. LOL
MY FIRST $31 in the market!
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 11-01-2007, 12:48 AM
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Special Member
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Join Date: Nov 2006
Location: Illinois
Posts: 846
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Congrats on the profit...I got talked into buying stock a few years ago or so...$500 on K-mart....you all know how that turned out lol 
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 11-01-2007, 01:54 PM
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Join Date: Sep 2005
Posts: 564
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Nice work corpfan1. I almost got into the stock market last year when I read an article about a company named CROCS. The stock was selling at $71 per share and I thought oh it can't go any higher and I didn't have a lot of cash to put into it at the time.
Well, since that time the stock rose to over $90 per share. It then split, and since the split it has gained an other $35 in share price.
So even if I would have bought just 1 share of the stock for $71 I would be almost $100 ahead at this point. Damn I'm dumb.
good work though!
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 11-01-2007, 02:18 PM
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Join Date: Sep 2005
Posts: 1,257
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Quote:
Originally Posted by SmackDog
Nice work corpfan1. I almost got into the stock market last year when I read an article about a company named CROCS. The stock was selling at $71 per share and I thought oh it can't go any higher and I didn't have a lot of cash to put into it at the time.
Well, since that time the stock rose to over $90 per share. It then split, and since the split it has gained an other $35 in share price.
So even if I would have bought just 1 share of the stock for $71 I would be almost $100 ahead at this point. Damn I'm dumb.
good work though!
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i own a lot of crocs , been buying and selling on the ups and downs . Made a lot off of them , till yesterday , it tanked from a high of 74 to 49 . I lost a lot but in the lng run still made a nice amount off of it . If your still interested in crocs nows the time to buy again as it is at a low .
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 11-01-2007, 02:56 PM
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Join Date: Jun 2006
Posts: 1,530
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There is some fascinating reading about Warren Buffett available online. He's one of the 2 or 3 richest men in the world, largely because of his stock investment methodology. I read every book published about him before buying my 1st stock.
I figure if I want to make money in the stock market, who better to imitate than the most successful stock market investor in history?
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 11-01-2007, 03:07 PM
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The Constant Learner
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Join Date: Jul 2006
Posts: 525
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Does his company, Berkshire Hathaway, still trade for $100k a share?
The guy is definitely a financial guru, and I think I read recently that he's pledged to give away 85% of his fortune ($30+ Billion) to 5 charitable foundations.
Quote:
Originally Posted by Randy
There is some fascinating reading about Warren Buffett available online. He's one of the 2 or 3 richest men in the world, largely because of his stock investment methodology. I read every book published about him before buying my 1st stock.
I figure if I want to make money in the stock market, who better to imitate than the most successful stock market investor in history?
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 11-01-2007, 03:21 PM
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Join Date: Sep 2005
Posts: 1,257
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Quote:
Originally Posted by AceHigh Pino
Does his company, Berkshire Hathaway, still trade for $100k a share?.
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Currently 132,000
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 11-01-2007, 03:25 PM
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The Constant Learner
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Join Date: Jul 2006
Posts: 525
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So wrong.....just sooooooo wrong. LOL.
Quote:
Originally Posted by the27offsuit.com
Currently 132,000
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 11-01-2007, 08:32 PM
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Join Date: Jan 2005
Posts: 502
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Congrats Corp
And that 31 bucks can grow and remain tax free as long as it stays inside your RRSP.
All Canadians should be taking maximum advantage of the RRSP program.
MorningStar.ca is a great site for mutual fund investors.
http://www.morningstar.ca/
Portfolio 100 is a good tutorial for new investors.
http://www.morningstar.ca/globalhome...ID925200316571
Keep the governments grubby little hands off your hard earned dollars for as long as possible and let it work for you.
I sure wish I started building wealth earlier on instead of pissing away every penny I made in my twenties and thirties.
Is was a blast...... but hindsight really is 20/20 when it comes to money and saving for your future.
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 11-01-2007, 09:32 PM
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Join Date: Feb 2005
Posts: 1,404
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-$55 today though....markets all took a big hit!
And, I am DIVERSIFIED!!! Every fund took a little hit!

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