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Just bought my first stock as an individual investor.....

Posted on 1/13/14 at 2:58 pm
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 1/13/14 at 2:58 pm
....it is an ETF, PBS, it was no commission through my Schwab account. I bought one whole share (I'm a timid investor).

I've got retirement through work and a separate 457 plan, but this is my first venture into the stock market as an individual.

I'll have a lot of questions for y'all as things progress.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/13/14 at 5:30 pm to


FWIW it is an ETF, not a stock. But that's okay.
Posted by Douboy
Louisiana
Member since Nov 2007
4332 posts
Posted on 1/13/14 at 6:31 pm to
Congrats! Just curious, what is your age range ( or exact if you want to give it)?

Edit: I see 1980 in your profile.

This post was edited on 1/13/14 at 6:33 pm
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 1/13/14 at 7:23 pm to
If you put me on a bunch of white perch, I will tell you all my secrets about investing.
Posted by S
RIP Wayde
Member since Jan 2007
155424 posts
Posted on 1/13/14 at 8:05 pm to
quote:

If you put me on a bunch of white perch, I will tell you all my secrets about investing.


this
Posted by roguetiger15
Member since Jan 2013
16151 posts
Posted on 1/13/14 at 8:13 pm to
Good luck brotha. To this day I remember my first solicited stock for a client. Made them 48 percent. I was so pumped
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 1/13/14 at 8:14 pm to
quote:

If you put me on a bunch of white perch, I will tell you all my secrets about investing.


I'll bet that white perch fishing is a lot like investing. A little bit of finesse, knowledge, luck, and a whole lot of persistence.

But to answer your question, the Mississippi delta in the bar pits is where the perch are.

And I'm 33
Posted by BZ504
Texas
Member since Oct 2005
9416 posts
Posted on 1/13/14 at 9:14 pm to
I've bought some stock as a first time investor right before year end. I'm down a bit so far, especially after today.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 1/13/14 at 10:09 pm to
quote:

I've bought some stock as a first time investor right before year end. I'm down a bit so far, especially after today.


So far I've lost 9 cents
Posted by roguetiger15
Member since Jan 2013
16151 posts
Posted on 1/13/14 at 10:12 pm to
Don't watch it everyday. Do u get your house appraised everyday? No.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 1/13/14 at 10:52 pm to
Trying not to troll, but why just one stock? In order to cover trading costs (free trades don't last forever) how are you going to make any money?
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 1/13/14 at 11:19 pm to
Interesting pick: Morningstar says PBS is above average risk (and return)

Return since 2009: +61; +20; -4; +27; +59

I'll check this out.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 1/14/14 at 1:41 am to
quote:

Trying not to troll, but why just one stock? In order to cover trading costs (free trades don't last forever) how are you going to make any money?


Just trying to get the system figured out
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 1/14/14 at 8:52 am to
Gotcha. Well best of luck to you man.
Posted by rintintin
Life is Life
Member since Nov 2008
16157 posts
Posted on 1/14/14 at 8:57 am to
quote:

(free trades don't last forever)


It sounds like this particular ETF is commission free through his broker. I could be wrong, but that's what I assume.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 1/14/14 at 9:16 am to
quote:

It sounds like this particular ETF is commission free through his broker. I could be wrong, but that's what I assume


Me too. If nothing else these are long term investment and I'll buy them for free while I can.
Posted by blueslover
deeper than deep south
Member since Sep 2007
22792 posts
Posted on 1/14/14 at 4:19 pm to
congrats

2 things with ETFs...

1.) this one is basically like a mutual fund. The "stock" you have is just a representation of what it holds.

Top 10 Holdings As of 12/31/2013
Symbol Company Sector YTD Return
(as of 01/13/2014) % of Assets
CBS CBS Corporation Class B Consumer Cyclical -4.39% 5.08%
DIS Walt Disney Co Consumer Cyclical -4.10% 5.05%
DISH DISH Network Corp Communication Services -3.40% 4.99%
TWX Time Warner Inc Consumer Cyclical -6.10% 4.95%
GOOG Google, Inc. Class A Technology +0.20% 4.94%
DTV Directv Communication Services +2.39% 4.88%
DISCA Discovery Communications Inc Class A Consumer Cyclical -9.93% 4.84%
TWC Time Warner Cable Inc Communication Services -2.29% 4.58%
GTN Gray Television, Inc. Consumer Cyclical -13.71% 3.09%
IACI IAC/InterActiveCorp Technology +0.45% 3.06%

-so 45% of your share is a composite of those top ten holdings

2. I've never researched it but the ETFs I have dabbled with seem to go down faster than they go up in relation to the underlying asset.

And for newbies I encourage buying some solid lifetime kinda stocks, preferably with a decent dividend that can be reinvested back into it.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 1/14/14 at 5:56 pm to
quote:

And for newbies I encourage buying some solid lifetime kinda stocks, preferably with a decent dividend that can be reinvested back into it.


I'm going to buy some XOM, MO, and AEP and set them as drips but I'm mainly focusing all the money I can into paying off med school loans right now. The ETF purchase was just to get more comfortable with the process. There are many ETFs with a much broader portfolio that are more appealing, but PBS was really cheap and commission free so I chose it. Plus it's got great ratings.

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