Does anybody own Coal?

Re: Does anybody own Coal?

• vlagrl29 member

  

  November 2013

  I don't, but I hear it's always best to buy low so maybe you could buy just a little bit of it and see how it does.  My best stock is JPMorgan Chase right now.

  
  

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• hoffse member

  

  November 2013

  I think it's fine to gamble a bit with really low cost investments, particularly if you aren't putting much into it.  When I do this I do it with the mindset that I'm going to be 100% ok if I lose it all.

  
  

  Example: if I had been smart and invested $10 in bitcoins several years ago, that would be worth thousands right now.  Home depot was the same way - my parents had the opportunity to invest in the first one in grad school and didn't take it because they had no money and spending $100 to invest in a start-up would have been difficult for them (though they could have made it work).  My dad says it was the worst financial decision they ever made because they would be millionaires many many times over right now.

  
  

  I wouldn't do much, but a couple hundred bucks?  Sure.

  
  

  Mostly, though, I do general mutual funds over stocks because I think I would obsessively track stocks throughout the day and I would literally get nothing done.  Maybe when I'm retired... my parents have a friend who did that with Apple stock and would buy and sell multiple times a day.  He made an absolute fortune doing it.  But he was retired, and it was his "play money" to give him something to do.  So if he had lost it, it would have been a bummer, but it wouldn't have been a huge deal at the end of the day- he seriously dislikes his children's spouses so he doesn't want to leave them anything anyway (as he always says).

  

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