Further Adventures in Stocks

After my success with Square stock a while ago, I decided to give it another go back in April of last year. At the time, Facebook’s stock had plummeted in price, and it seemed like a great opportunity to buy some, since (back then) I figured Facebook would be around for quite some time to come. The only problem was that it was more expensive than I would have liked; I could only afford 4 shares at $153.64 a piece, investing a grand total of $614.56.

For the first while, it seemed like I’d made a really great purchase. By July, the price of the stock was up to $207, meaning I had made over $200, increasing my investment by over a third. Yay!

Then Facebook got hit with lawsuits and penalties for a string of stupid decisions, and I saw the stock drop all the way down to $125 by December. I’d lost almost 20% of my investment. Boo!

The stock has had a rocky road to recovery, clawing its way back above $200 again at last, and I’ve taken my earnings and cashed out. I still think it’s likely Facebook’s stock will increase some more in the future, but I no longer have confidence that it’s going to be around indefinitely. I guess in the end, I just decided the Facebook stock ride was one I didn’t enjoy, and so I decided to get off while I still could.

On the other hand, my last experiment (Square stock) is now up to over $80, so if I had stuck around back when I sold my stock at $45 or so, I would have almost doubled my money by now. I still don’t regret clocking out when I did. I needed the funds then, and I had tripled my investment that time. Will the same hold true for Facebook? Possibly, but I think I might take a bit of a time out from individual stocks for right now. I look at the Dow Jones, and it just seems awfully high to me . . .

That said, I have nothing to complain about from my time working with stocks, and I’d say it’s likely I’ll give the wheel another spin if and when I find the right company to invest in. If nothing else, it gives me another thing to check each morning when I start my day. Kind of like a sports team that you have an actual stake in.

Got any hot stock tips for me to look into?

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