How I doubled my money: My first experience in the stock market

I have been wanting to dabble in the stock market for for some time now. Even though I have been thinking about it for a while, other things kept getting in the way. Such is life. Then, one day (with encouragement from my brother) I decided to use the $50 I had sitting in my TD Ameritrade brokerage/money market account to take the plunge and buy some stock. Since I know very little about investing, I was only comfortable investing that amount.

So, I decided to finally invest in the stock market, albeit, with a tiny amount. The next step was figuring out which stock to invest in. The one thing I know for sure about investing is the importance of diversification. However, since I was just starting out and only investing fifty bucks, I chose to buy from one single company: Ford Motor Company. I chose Ford stock for a few reasons:

1. It was on sale.
2. I am a Detroiter (born and raised in the Motor city) and have been heartbroken by the regional devastation that has occurred since the decline in the auto industry. I wanted to do my part to help, while also trying to help myself in the process.
3. Ford is the only one of the Big Three that has been able to stand on its own two feet by not taking any government money. Therefore, in my eyes, they should be rewarded.
4. I believe in the future of Ford Motor Company.

I purchased my stock at $3.00 a share. As of the close of business today, it is up to $6.06! How exciting! I was getting frustrated because for months, it stayed less than what I paid for it. But, that isn’t the case anymore. I realize that it could dip back down to less than what I paid for it tomorrow. But, that is the way it goes. I’m going to enjoy my profit while it lasts.

Please know that I am not a financial adviser by any means. I’m only sharing my personal experience. I am not recommending that you buy Ford Motor Stock. But, if you have been curious about investing in the stock market, you might find that the route I took (the cheap one) could work for you also. It is a fun way to learn about the stock market with a minimal risk. It has been an enlightening and exhilarating experience, to say the least.

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