Thursday, February 5, 2015
Next Warren Buffett?
I've had an account for picking stocks for awhile and mostly left it dormant with virtual tumble weeds passing through. Lately I've been trying to educate myself about the stock market and started to invest the least amount possible. I think there's real potential for even a layman like myself to earn a little extra spending income or at least that's what I hope. Now am I the next Warren Buffett? Not going to happen, but I found that I had a fear of the stock market. I realized I had the mindset that choosing stocks was complicated, risky, and not for 'someone like me'. In this day and age where we have access to articles, and stock forecasts to help you learn what may be a good buy for you, I got to thinking it's ridiculous for me to think I can't do this when it's literally at my fingertips. I don't have thousands of dollars to buy large stock in a great company, but I don't need it. I can focus on start-ups and invest small amounts. The great thing about it, I can put in $10 a month and choose some under performing stock whose value I think may increase in six months or more. The downside, if the stock doesn't pick up, I lose $10 but won't break the bank. So really I don't see a downside, may as well try and hope for the best.