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Sunday, March 30, 2008

Getting ready to purchase my first stocks

I just complete my second reading of Stop Working and The Lazy Investor.

I now feel more confident about the whole process regarding the purchase of my first stocks. I plan to follow the method explain in the chapter 9 of the Lazy Investor. I just hope it will work out for me. This is the perfect time for me, as I begin to have enough of mutual funds.

Once I recover from my lost, it could be a good idea to sale my mutual funds part to purchase only stocks. Someone who will have understood something from those 2 books will probably do so. For the money I had invest in mutual funds so far, I might want to keep the money were it is for now. Because once enroll in the whole process, it could be difficult to sale stocks if I am in need of money.

I first need to open a brokerage account. For the rest, I follow point per point the investing method explains in the chapter 9. What a chapter!

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