Wednesday, December 16, 2009

I will be investing soon...

I ended up making money in Sydney, despite going on a bit of a spending spree. I got some Tupperware orders and did some haircuts, so the trip turned out well. We are going up again in January and this time I will organise myself to list things in my garage up there in the trading post. Even if I make $200 from them I am happy!

My new total, thanks to Sydney is $2000. I have a few hair jobs today and my sister in law has asked me to work for her on Saturday for a few hours, which is more definite money.

I have decided once I reach $2500 I will be investing in shares. This is something I have always wanted to do, but never had the money. It is not something my husband is interested in at all, so I never felt I could do it with “our” money, but now that I have my own, I feel comfortable doing it.

I did a little exercise where I chose shares and followed them for a while to see if they went up or down or both. The ones I picked did go up and down, but at the end of the month they were all higher than when I chose them, so I feel comfortable with it. The ups and downs did not bother me which is important when dealing with money things. If you do not feel comfortable with the possibility of losing money, shares really is not for you.

I will be investing with blue chip shares to start with, to get a feel for it and to also feel fairly safe whilst doing. The market is low now and I do not expect to make money from them yet, but I am assuming that over time they will go up, which is the assumption of any investment that it will go up.

All investments carry a form of risk; it just depends on your level of comfort in regards to risk. Mine comfort level for risk is a whole lot higher than a lot of people I know, which can be good and bad. I guess we’ll all find out won’t we?