Hi all! I'm still around. It's just finals time at the in the old teachers office so I've been splitting my time between writing and correcting tests. Things can get a little stressful in a Japanese office anytime a big event is coming up and tests are no different.
But I'll survive.
US stocks still are showing signs of weakness. Every morning I seem to load up stocks on my iPhone and see a bit of red and a bit of green (indicating up and down respectively). That's okay with me. If stocks want to stay cheap I'm alright with that. If people are trying to dump stuff before taxes go up it's fine with me. I'm not in it till the end of December 2012. I'm not even in it till December 2013. I'm in it for the long haul and in the long haul nobody will remember "the great fiscal cliff of 2012!" So I'll continue to buy stocks with what capital I have.
In late November a limit order for 33 shares of AT&T triggered at $33.50. "T," as it's so simply called in stock ticker lingo, is a huge telecommunications company. It was the first home to the iPhone and a huge juggernaut company in the US. Their very large dividend certainly attracted me their way, plus this is the first telecommunications company I have added to my portfolio. I missed the ex dividend date for this one but starting in January T will start to pay me!
Be careful. It is exactly that kind of attitude that's gonna make you rich...
ReplyDeleteHaha! Thanks for the props Jim!
DeleteNice buy! I have some T, but unfortunately not as much as I wish I had bought when I first initiated a position. It's just kept climbing since I bought it. But now it's getting back to levels where I might pick up some more shares. It's pretty much a utility, even more so now as more people are getting "addicted" to their smartphones.
ReplyDeleteThanks for commenting!
DeleteChecking the history books on T it looks like it was pretty cheap last year or two years ago. Wish I could have picked up shares then. Hindsight is always 20/20 I suppose.
And yep people act like they couldn't live without their smartphones even though not two or three years ago most people didn't have them. Oh well, it's keep my stock happy.
Hi Kechi,
ReplyDeleteCool buy. Reading your post has really motivated me further to want to start investing. Which leads a question that I have for you.
I was wondering, as a fellow ESL teacher living in Asia, how do you invest in the US market while here in Asia? I'm planning to start investing very soon and would like to know if your method could be applied here (S.Korea). Any info/advice/tips would be greatly appreciated!
You give me a good idea for a post!
DeleteThe short version is: first pay off your debt. Then, find a way to send money home cheap or free. Open up a brokerage account and link it to the bank account your sending money to. Transfer the money and start buying stocks and hold them for a looooong time.
I'll make a post with more details and any sort of tricks I've picked up.
Look forward to it! Would definitely be a HUGE help!
Delete