Note from Daily Trade Alert: In January 2020 we launched a brand new column geared entirely for new investors, headed up by our good friend, Liz. Liz is a millennial who admits she knows practically NOTHING about investing. Which is actually quite perfect for this column, since many of you reading it may be in similar situations — you’ll be learning together! Liz started from scratch in 2020 and is taking us along on her journey as she learns how to make smart investments that can help her achieve her goal: to generate passive income so she can be more selective with the freelance work she takes on, as well as spend more time enjoying her two horses, Cairo and Nimbus.
Hey guys, I’m back… and I made my first stock purchases, woo hoo!
Even though I filmed this video back at the end of January, I hope you’ll still find it beneficial if you’re a newbie investor like me! Or if you’re a seasoned investor hopefully you can laugh at some of my silly antics 🙂
Hopefully some months will be more if I’m doing well with work. I’m a voiceover and recording artist so sometimes my income varies month-to-month — it’s hard to predict.
In January my budget was $1,000 and I split that to buy shares of General Dynamics (GD), Wells Fargo (WFC) and Johnson & Johnson (JNJ).
I’m learning and right now I’m really focusing on buying quality stocks and investing in companies that I’m familiar with and I feel comfortable with.
I feel really pleased about the first purchases I made. For me personally, I’m looking at the long-term. I’m looking to eventually use the dividends to help me retire in a more comfortable fashion. I’m 31 so hopefully I’ve got a long time before I have to worry about that!
All that said, here’s my video of my very first investment purchase(s)!
To our journey,
Bill Bonner went to law school with Fed Chair Jerome Powell... Co-authored 3 New York Times Best-sellers... And is one of America's most successful entrepreneurs. Bonner's made 3 big macro-economic predictions in his 40-year career, all of which came true. Now he's issuing his 4th and Final Warning. 2023 could be a difficult year for you and your money. See Bonner's warning and 4 recommended steps here...