So a few weeks ago I started to seriously look at entering the 'stock trading world' as an investor with some money/duckets/benjamins I have saved.
Being Canadian and not sure I know EVERYTHING about what I was doing, I invested a small amount in a company I have tons of faith in...Ford Motor Company.
So basically I set up a 'Self Directed Stock Trading Account' with my bank CIBC. It cost me $28.95 to purchase up to 1,000 shares. I bought $1k worth and the bought me 136 shares in 'F', at $7.07 per share. It's gonna cost me another $28.95 to sell my stock. So basically at this time and about 1.5 weeks after my initial investment this is where I stand.
Own 136 shares which were purchased @ $7.07 USD = $961.52.
Today each share value is $8.47 and net change of $1.40 per share.
This means I made $190.40 - $57.90 ($28.95 x 2 purchase/sell) = $132.50 (give or take a few bucks for the currency coversion).
So I have made approx. $130 in 1.5 weeks...not bad...keep going Ford. I want to invest more...dunno if I go big in a smaller stock hoping it will explode...or put more in my long term plan...'F'.
The other company I have been watching is Zenn Motor Company from Toronto (ZNN-X). Their stock has gone from $4.25 to $6.00 in the last 1.5 weeks as I have been tracking...should have put some there too.
In any case, still lot's to learn...warning...VERY ADDICTIVE!
