No. of Recommendations: 4
I guess my dumbest investment was my first security of Pepsico.

My story goes like this:

I knew absolutely nothing about the stock market or more specifically about buying stock. A co-worker would walk through the office talking about a purchase she made that was making her some money. She was very happy about that stock. One day I asked her about the stock. We discussed it over lunch. She told me about the market and and advised me to get involved. I was sceptical but I told her I would think about it. She gave me the name and number of her adviser. I called the number after thinking about it for a couple of days. The broker was nice and explained a lot of what was going on. I told him I didn't have much money but I could get interested. Right away he started pushing me to buy several of his recommendations. I told him to send me something to read about his recommendations. He was reluctant at first because I would not buy just on his say so. He finally agreed and advised me to get back to him real soon so I would not miss out on the prices going up.

I got the preferred reading on Pepsico. It was trading at about $39 dollars then. I thought I could buy this. So I called the broker and advised him to buy 10 shares. He said "you want 10 whole shares?". Isaid yes. I didn't realize at the time that he was funning wih me. But I stood fast. He created myaccount and bought the shares. I didn't buy any more or any other security for the next year or so. I watched that stock religiously every day. Finally when it dropped to $33 dollars I told him to sell it. He gave me a hard time about that. He told me the drop was temporary. He said thiswas a rock solid company. I convinced him to sell anyway.

Well he was right. It seems as soon as I sold it it began to rise and it went up and up and up.

It was at that time that I came across a Motley Fool article on the basics of investing. The original education website. I've been a much happier person since then.
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