Quote:
Originally Posted by Perfectlap
Being 23 is a fetus in investment years.
I was not taught in about investing in college either. Well sort of, I had an econ professor who basically ignored the syllabus and told us about the stocks he lost money on and those he made money on. Half the class paid absolutely no attention to any of it, they were too busy dreaming about 5.0 Mustangs or Acura NSX's.
Those of who did pay attention ran with it. See no one is ever going to teach you what you need to know to become financially wealthy. NEVER. They want you working for them, either the bank wants you owing them, or your boss wants you making just barely enough to never quit. But today you have this miracle invention that I never had called Wikipedia. What used to take me weeks, months if not years to figure out by asking in person, over the phone, digging through newsapers and magazines can now be learned/profited from in a matter of a few clicks. I would have been making six figures in highschool... probably spending it too but at least the frontal lobe can rescue you by 25.
Here's an example. Tesla motors was trading at $30 last year. It recently went to $150. Your tax bill for selling that stake a year later? 15%. The commission you pay to the broker? As little as $5. -- As in you keep just about all of it. It's not about making that particular trade, its about understanding how it happened in the first place.
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hmmm so, i should say.... buy some of fords stock, and hopefully when the 2015 mustang releases and succeeds, pull out with a profit.