No. of Recommendations: 0
Hi Drew,

I did almost the same thing. Here is how my wife and I handle it. I am 45, we make about 100k/year and I opened an account at Scottrade for 2k. Figured out my top three stock choices and bought accordingly. My commission costs were $36 because I purchased them with a limit order.

I have a five year hold plan before I will even look at the stock. So I have zero risk of loss. No risk because it is not possible to lose unless I sell, the companies go bust (I buy bluechips)or the market goes under. And at that point it wouldn't matter anyway, at least not to me.

I buy 100 shares a month. Some go up, some go down. But in the last 14 years I have acquired allot of stock. And I have never sold. Borrowed against it, yes, but never sold...

So, it is up to you. If you want to gamble try the Bellagio in Las Vegas. I like the baccarat table!
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.