I finally logged into my ShareBuilder account and was pleasantly surprised to see that the value was up. My Facebook stock that I purchased when it first went on sale is up by over 70%. Now I wish that I bought more when it was in the $20.00 range.
Overall, my stocks are up 42.66%. I realize the value will go up and down, but I am happy because I remember at one time, I was at a loss. My HP stock is the loser in this portfolio and I think that I should just sell it and use that money for a stock that is more promising. But which stocks should I get?
I really don’t know too much about investing. In the past, I always chose companies that I shopped at or knew about. I have invested in Home Depot, Microsoft, Starbucks, Nautilus and other well known companies in the past. Some I did well on, some I didn’t.
I also took a quick peek inside at my E*Trade account. I was very surprised to see that the value is up in that account as well. One of my stocks is TASR, which I bought on a whim back in 2008. The only reason why I bought it was because it was listed as a “must buy” type of stock by the experts. I bought it at $11.75 and watched it go down and down. I’ve been tempted to sell it many times when it was down, but never did as I didn’t want to take such a big loss. Last night it closed at $17.34 so I’m happy about that.
Where To Go From Here
Since it’s been so long since I last traded, I first need to decide where I want to trade. Do I want to continue using E*Trade and ShareBuilder? Should I open a brand new account somewhere else? So, my first task is to research investment companies and see which ones have the lowest commissions/fees and the best research tools. Also, which company has the best “bonus” for opening a new account?
After that, if I do decide to open a new retirement account, should it be a Roth or Traditional? Or just a regular account?
How much of my savings should I put in?
What do I invest in? Do I buy more Facebook stock?
If I open a new account, should I transfer the existing accounts over?
I have my work cut out and will share with you what I find out and what I decide to do.
p.s. I have a feeling that I may be writing to an audience of one (me). If you found this post, I would love it if you would say hello in the comment section below or even sign up for my mailing list.
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