Investing my first $1500

[nioka]

Update.

Because EKA is the subject of a takeover offer it is/was necessary to update this project. EKA has been sold and the funds used to purchase 2004 LYC. The TXN are still held hoping for a takeover bid there also. Todays value now $3496.

Disappointing that it is not $10,000 by now but the going has been tough this last year. Now is not the time to exit as I see it. With hindsight I would have made different choices. Anyone have a proven crystal ball for sale?

 

[burglar]

... Anyone have a proven crystal ball for sale?

http://www.bing.com/search?q=Crystal+Balls+for+Sale&FORM=QSRE4

:

 

[Steve C]

Nioka,

Thank you for this insightful thread. I am in my mid 20's and really interested in the stock market, trying to learn everything I can. Unfortuntely due to buying my first house I have very little in the way of free capital.
This thread has shown me that you can start small and make something of it.

Thanks again,

Steve

 

[prawn_86]

Nioka,

Thank you for this insightful thread. I am in my mid 20's and really interested in the stock market, trying to learn everything I can. Unfortuntely due to buying my first house I have very little in the way of free capital.
This thread has shown me that you can start small and make something of it.

Thanks again,

Steve

Remember if you have a loan, from a strictly financial perspective, unless you can generate a rutrn after tax greater than the interest rate you are paying on your loan, you are better off just paying the loan off.

The stock market will always be there when you are debt free...

 

[Steve C]

Remember if you have a loan, from a strictly financial perspective, unless you can generate a rutrn after tax greater than the interest rate you are paying on your loan, you are better off just paying the loan off.

The stock market will always be there when you are debt free...

I agree- but unfortuntely I won't be debt free till I am at least 40, 45 with the size of an average mortgage these days. I am keen to play with $1000 -1500, I have begun reading and learning everything I can I just feel in a few months it will be time to get into the drivers seat and have a go.

Cheers for your post though, you are right, financially speaking my little venture will most likely put me backwards.

 

[prawn_86]

Cheers for your post though, you are right, financially speaking my little venture will most likely put me backwards.

One thing my old man told me when i was starting:

As long as it is money you can afford to lose, then if it is just 1 - 2k, have some fun and learn a bit, treat it as a lesson, but dont expect grand returns.

Good luck!

 

[scottw33]

Update.

Because EKA is the subject of a takeover offer it is/was necessary to update this project. EKA has been sold and the funds used to purchase 2004 LYC. The TXN are still held hoping for a takeover bid there also. Todays value now $3496.

Disappointing that it is not $10,000 by now but the going has been tough this last year. Now is not the time to exit as I see it. With hindsight I would have made different choices. Anyone have a proven crystal ball for sale?

Curious to know what your outcome was with TXN, nioka? I'm new to the forum and just read through this thread over the past few days - found it very interesting! Would love to know if there are any updates? Especially seeing that TXN is sitting at 0.355 right now, and was at 0.58 on 9 May 2012.