I’ve always wanted to invest in the market but never wanted to take the leap. Finally about 2-3 months ago, I bought a small investment of $20 worth of shares in Helios & Matheson (MoviePass) knowing it was a sinking ship but wanted to just get my feet wet with watching how it works, I was fine losing that money. That investment is now worth about about 7 cents lol.
Yesterday I decided to really go for it. and this is where I’d like to start getting some feedback on what I did right, wrong, could do next, should do next, etc. Yearerday, I bought a single share of a number of solid companies: Apple, Hormel Foods, TX instruments, John Deere, Cisco, Disney, Microsoft, Diageo, and Medtronic.
So I bought a single share of each, figuring they’ll all do well in the long term, are relatively safe, won’t make me rich but will likely all bounce back even if the market tumbles.
Besides being patient with my current investment, was it smart to buy 1 single share of each? Should I have not have invested in these particular names? Is there something else I should look out for to protect myself and/or increase my potential of earning more money? Also, I’d like to continue investing a little bit each paycheck. I have the means to take some cash every other week and buy another share or so. Should I double up on existing shares, keep buying singles of even more time-tested companies?
Sorry, I know it’s a million questions. Just hoping to get some honest feedback and guidance here.
Submitted August 03, 2018 at 01:58PM by Mikeh1982 https://ift.tt/2ABqwLR
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