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Got me some shares.

May 14th, 2009 at 05:09 pm

I bought some yesterday, well actually the order was put in over two weeks ago. In the last week the Australian market has been going down and the stock I bought finally hit my price yesterday. It was for only ~$500 worth. I normally get around $2K parcels but this stock is a small cap (high risk), but it got great potential so I was only willing to commit 1/4 of normal investment capital. I'm planning to keep it for at least 5 years. Historically they pay pretty good dividend.

Now I just hope the market will start going back up. Although I think this recent run down could keep going until next week. Our market went up quite a bit from it's March low and now need to retrace.

Well the $500 will come out from my Sunny Day Savings.

1 Responses to “Got me some shares.”

  1. baselle Says:

    Fingers crossed for you - its fun having a little skin in the game.

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