Wednesday, June 11, 2008
I'm a stock market wizard
If by wizard you mean someone who can turn something into nothing. Ta da!

My first foray into the stock market was a dismal failure. How dismal? Well, three years ago I bought my first stock. I bought 100 shares of LBTS at 1.89 a share. Over three years I watched it plummet to 14 cents. Oh yeah. That's the last time I listen to someone who's taking a stock idea from Discover magazine.

Today I sold the stock and emptied my Scottrade account. The nice lady on the phone persuaded me to keep the account. I told her she was right, I should keep it in case I might feel stupid someday and want to try again.

Now I'm buying an IRA. Guaranteed growth, right? They don't go backwards, do they?