So I’ve accumulated a little bit of money over my life from birthday checks over the years and other sources. Right now said money is sitting in a bank account doing almost absolutely nothing. Bank interest rates are a joke.
I want my money to grow without me actually adding to it. I want to buy some stocks. So I was thinking about companies and trends that will probably grow in the future and came up with the following list:
Trader Joe’s – They’re the normal person’s alternative to Whole Foods
Dr Martens – They are coming back in style.. and the stocks for UGGs and crocs had crazy increases after their popularity rose.
Moobella – they put one of these machines in my college and it’s pretty popular. I can really see this taking off.
Pink Berry or Red Mango – I’d rather not own Red Mango (as I am allergic to it while I am not allergic to Pink Berry), but hell, these places are popping up everywhere and if either one can make me some money I’m for it!
Sadly when I tried to find out the stock symbols for all of these companies I found out that they’re all privately owned. Basically that means I can’t buy any stock in them 😦
But despite this I still want to make myself a nice stock market portfolio! Now a good portfolio is nice and diversified. From what I can remember, Jim Cramer the host of CNBC’s show Mad Money suggests that you have one of each of these types of stocks in your portfolio.
Retail – Macy’s, JC Penny, Kohls, etc.
Energy – oil companies, electric companies, etc.
A company you know – self explanitory
Financial – banks, investment firms, etc.
Technological – pharmaceuticals, electronics, etc.
I’m thinking of opening a Scottrade account. They only require that you invest $500 and it only costs $7.05 for each trade you make. Many other brokerage companies want you to invest at least $1000 or $2500.
Alrighty then, now on to two stocks I’m considering investing in.
Proctor & Gamble – it’s around $60 a share, but it has a 3.1% dividend rate! I also highly doubt that they’d go bankrupt as they make things that we always need.
Dr. Pepper Snapple Group – it’s around $30 a share and I love Dr. Pepper. It also has a 2.7% dividend rate. So I could buy more of these shares… but I see the value of the stock being hurt if those d-bags pass the sugar/soda tax 😡 I also can buy this stock directly (I don’t need to use a broker).
I swear before the summer I will own shares in something! I’ll also be able to know what all of the things on this page mean!!
And that’s all for now!