Friday, January 20, 2012

Number Three: Invest in the Stock Market

Admit it, we all have dreams of having been a lucky McDonald's investor half a century ago so that we could now be millionares.

Too bad time machines aren't invented yet.


So maybe its not altogether normal to be interested in stock markets as a teenager, and maybe you think I'm a money hog, but I just find all the risk involved very exciting.

 I think investing in the stock market is a great idea, and when I won a $500 writing award a week ago, I decided to use it to cross this item off my bucket list.

1. First I researched stocks.


2. I picked one, with the help of Charles Schwabb Investing and my dad. Guess what it was?

AMAZON.COM



3. I'm going to justify this.  I know the stock went down in the past month, but if you look at it in the long-term, its great! Plus, I don't see the downfall of this coming soon. Amazon's convenient, they sell just about ANYTHING, they ship quickly, they've got great service, and they have Kindles (although, who knows how those are going to be able to complete with iPads and other ebooks). I think its a good buy.


4. THUS I own 2 Amazon Shares, which I bought at $170, and are (as of now) worth $190 a piece.

5. Fantastic, right? Let's just hope they shoot up like McDonalds did. You never know.

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