I became intrigued with stocks when I was seventeen. The thought of making money by doing nothing sounded awesome to me. After the purchase of several stocks, I realized that the possibility of making money in securities would be difficult. I started researching new ways to make money from stocks. Penny stocks caught my attention. I could purchase a thousand shares of a company for only a hundred dollars. With my calculator in hand, I quickly added up all the numbers and realized that if the share price went to one dollar, I would have a thousand dollars. My friends and I were excited about the “investments,” and the economic prosperity these investments entailed for us. My new strategy failed.
Did I give up though? No, I then turned to the advice of others, especially that of successful “investors.” Why should I spend time researching when a successful person can tell me what to buy? I tried again to make a successful investment, but failed for the second time. I knew there was a way to pick a good stock, but I could not seem to figure it out.
Shortly after my second failed attempt, I went to the library and found a book about Warren Buffett. Each page I turned unraveled the mystery of stock investment. I learned that Warren Buffett did not make his money from penny stocks, but rather he bought good, quality stocks and held them indefinitely. Since then, I have read two books highly recommended by Mr. Buffett, and learned vast amounts of information pertaining to securities.
My educational goals include becoming a financial adviser once I graduate from college.
Former long-time business editor of major US women's magazine and contributing editor at dozens of different "trade" and consumer publications. Author of over 3,000 print magazine articles in past 30 years.
Penn Ph.D., centrist Republican.
Please visit my blogsites:
Baby Boomers-The Angriest Generation http://angriestgeneration.wordpress.com
The Rest of U.S. (for and about political Centrists) http://newcentristera.wordpress.com
and my brand-new blog about Markets:
Capital Punishment-Markets Through the Looking Glass http://marketslookingglass.wordpress.com