My First Investment (and please share yours!)

cryptotax (59) in money • 7 years ago (edited)

There comes a time in life when a person makes their first investment. In this thread we share!

Technically my first investment was a small amount of treasury bonds that I received as a gift as an infant, with a 7% annual yield. And college was an investment technically. But today I share my first stock investment.

A little background - I was in high school when the iPhone was released. I took a stock market class that was one day a week and we all played with "fake" money. I didn't know much about the stock market but I did know that Apple was a sure winning stock. I begged and begged my parents to buy Apple but they declined. You could say my parents were very risk adverse.

So after graduating college and earning a little investment money of my own, I became aware of Facebook's IPO in 2012. I set up a brokerage account to be able to buy in when shares hit the open market. I bought some shares right when trading started, then watched over the next few days in disappointment as the share price dropped from low 40's into the 30's, where I bought a little more. Within a few months the share price fell into the teens. The biggest issue surrounding Facebook right after the IPO was a very high price to earnings ratio in the 70s, coupled with risk about the transition from desktop to mobile.

What did I do? I decided to leave it alone and not sell my holdings at a loss of 50% . I didn't break even for more than a year and it was painful to even look so I tried to just forget about it. Then in late 2013 to my surprise the share price started picking up. The rest is history.

The biggest driver of growth has always been execution on mobile and even eventual monetization of Instagram. I would've never imagined that as of today the price of Facebook shares is almost $180, 5 times the amount invested. That's the type of return that makes me come back for more.

What is your first investment?

Please feel free to share your story, if you are still HODLing today and if your investment paid off!

If you enjoyed please feel free to follow, upvote or resteem!

Disclaimer: This article is not personal investment advice and should not be relied on in making an investment; the author is not an investment professional. This article does not constitute a client relationship between the author and the user. User is solely responsible for any financial or legal decisions made. Do your own research before investing. Past performance is not indicative of future results.

money finance investing stocks

7 years ago by cryptotax (59)

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outerground (63) · 7 years ago (edited)

my first investment was a pair of mice. they cost 50p each (about 65 cents) and I asked for a male & female. They soon started breeding and I converted some old fish tanks for their homes. Before long I had many mice in all different colours. It was a great time for me. I did love them, baby mice are incredibly cute but I couldn't keep them all.

I would have a litter of about 8-10 ready to depart about once per month and I had a deal with the pet shop where I originally bought them. They would buy them at 25p and sell them at 50p. so for my ten mice I would receive £2.50. mouse food mix was 16p per pound and sunflower seeds (which they loved) were 22p per pound. I would buy one of each and 1 bag of sawdust and one of straw at about 50p / 30p. My profit was about £1.50 per month. (which was about an average weeks pocket money at the time) 1982-3.. It would buy a decent amount of sweets or a small airfix model kit, which I was really into at the time.

Later I realised I could sell retail at £1. I had to raise them a bit longer but I took orders in school from every boy I knew and would bring them in a special cardboard mouse box which I bought for pennies from the pet shop. I think I sold about 40-50 mice over a period and became known as the mouse man. It was all very hush hush in school although I think some of the teachers knew ;) I was often seen with a mouse peering out of my top pocket.

I learned alot about business during that period. I was 12. eventually I let them all go near the railway enmbankment. I'm not sure if any survived for very long and I was sad to see them go, but I was beginning to get more interested in playing cards and girls.

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minnowpond (62) · 7 years ago

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My First Investment (and please share yours!)

Though it would have been worth well over $13,000 [usd] today*

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