How to invest when you don't know what to invest in PART 1

Fred E By Fred E, 20th Aug 2012 | Follow this author | RSS Feed | Short URL http://nut.bz/-623fe9i/
Posted in Wikinut>Business>Investment

This series of articles will show you the thought process of how I invested over the last five years. I'm not an expert, I don't even know that much about the market and I'm probably a lot like most of you so sit back and have a look at what I did over the past half decade.

How to invest when you don't know what to invest in PART 1

The market crash of 2007-2008 was a dreary time in our history and one we're still feeling today. Some professionals predict that our social trends will keep the market volatile for a long time while others feel like we are well on the road to recovery. It all depends where you are financially that really determines how you see it. After all, in down markets and up markets, someone is always making money. This is how I did it and lost it.

I started thinking about investing right around 2007, literally months before Lehman Brothers collapse. I wasn't sure where to begin so I thought I would read the business news and see what was rising and falling. My discipline helped me avoid a disaster as I told myself not to invest until you are certain about what you're putting your money into. That is when the floor came out from Wall Street and excrement hit the fan.

If the crash taught me anything it was that even the 'experts' don't know it all. Brokers and analysts that I learned to trust and read about were jumping out of windows. It was at this point that I looked at my stock picks that were based on blogs, reports and information from various experts and realized they don't have all the answers. I scraped all those picks and said to myself, trust yourself and what you know.

This is not for the faint of heart, I was a design graduate with a minor in business and marketing. I had no business choosing stocks but I figured I might as well invest in something I like and support anyway. So my first three stock picks were: Marvel Studios, IMAX and Las Vegas Sands corp. I loved comics, I loved movies and I love gambling.

Now keep in mind, I didn't make a lot of money off any of these stocks as I sold them well before they were mature. Had I had some real will power I could have made a lot more money. Trust me I hate thinking about it and writing this makes my stomach turn but I could have made a ton, we're talking Boy band money.

PART 2 WHY I INVESTED IN THESE THREE COMPANIES FIRST

Tags

Bonds, Brokers, Free, Generate, Investing, Investments, Making Money, Money, Savings, Savings Account, Securities, Tax, Tax Free Savings Account, Wall Street

Meet the author

author avatar Fred E
Ive studied Architecture, Interior design, marketing, business and have recently graduated from publishing. I will be focusing on weddings, design, investing and pets

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