Sunday, April 26, 2009

Stock Market Basics, Basics of Investing

Okay, it's time to cash in on the recession. I've always wanted to try the stock market waters out, see what it's like, but I've also always been more focused on building the business. There was never enough time, or it was never the right time.

Now I'm going to be pretty damn busy with the business the next couple of years, but when the market is down, that's the best time to invest. You can get shares at undervalued prices, and then just resell when they reach your desired price. Double the initial investment would be nice.

Now I may know how economics work, but that doesn't mean I'll be good at this. That's why I'm going to set up a trial account. Extremely small amount, the kind your graduating high school student might open. Well, no, at least graduating college student. I'll read up on this stuff online, and see how it goes.

If there's one thing you should all take away from this post, it's this: INVEST WHEN THE BUBBLE BURSTS.

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