Somehow, investing now seems like a really important thing. I think I’m convincing myself that I’m buying at the bottom. Plus it helps to be focusing on getting a bargin and ignoring what is happening to my other investments. And buying a relatively risky investment means that swings in value are normal, so I can just go on pretending things are okay.
I know staying in the market, with the investments I already have, is the right thing to do. This just helps me take my mind off of it.
]]>I also own about $50 worth of a single stock in a sharebuilder account. Normally I wouldn’t recommend trading that small of an amount ($4 to trade in and $15 to trade out eats up a huge chunk of $50) but they were doing a “free $50 after your first trade” promotion. So I transferred $50 in, bought some stock, waited 30 days for the bonus and transferred $50 out. Net cost to me: interest on $50 for 30+ days (adding ACH transfer time to the waiting time). Net gain to me: $46 of stock, which has gone up a little since then. I haven’t decided whether to keep the account and add more money, keep the account as is and ignore it for a few years, or cash out the stock and close the account. Out of sheer laziness, I’m probably going for that middle option.
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