Portfolio Beginnings

June 29, 2007 | Posted by Jorge

So I guess it’s time to start posting my thoughts on the market and my portfolio. My initial starting deposit was $800. This is not enough to be competitive in the stock market. Some suggest a minimum of $2500. It hurts having so little since it’s difficult to be fully diversified. However, learning before investing real capital can’t hurt too much. Everyone loses money at one point or another. I’d prefer to do that at the beginning!

Start of June: $800

My first trade consisted of a single share of Jamba Juice, Inc. (JMBA). I bought it a little under $10 and sold for $11. Hey, I made a dollar in about 24 hours. Not entirely shabby, although a bit laughable. However, it did get me over the mental hurdle of the first trade. I’ll start describing my current portfolio next post. I’ll also start providing useful personal finance links that I can catch around the internet and other blogs. Have a good weekend!

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