Quote:
Originally Posted by Buck
I bought my first stocks today and so far I've made 14 cents.
Actually it cost me $6.95 so I'm down $6.81 I guess.
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Congratulations! You're in for a fun ride of lifelong investing. 6.95 is actually pretty good for a trade, there are still firms out there that charge much more. The obvious strategy is that you save up and buy more of the same stock at a time to lower your average fees per share.
If you get into the etf game (which I highly recommend if you are serious about long term wealth building) there are many brokerages that trade commission free (Vanguard to name one). They diversify your investment across many different companies so you don't have all your eggs in one basket. There is a lot of great info in this thread about them.
Use us as a resource and look at this as a learning experience, there are some really knowledgeable people on here.