$1,000 is currently my minimum amount for making a stock purchase, because the $7 transaction fee comes to less than 1%, and the potential return or loss on $1,000 is just enough to make me do my due diligence seriously. (Otherwise the return on time is not worth it.)
My rule of money number 1, was […]
Entries Tagged as 'my rules of money'
Don’t make a stock purchase under $1,000
January 5th, 2008 · No Comments
Tags: my rules of money
No zero sum deals
December 7th, 2007 · No Comments
One beautiful thing about money is that it generally represents the effect of a win-win transaction. I think most people view money as a fight between the haves and have-nots. The standard view is that there is a given amount of wealth available, and that wealth is simply redistributed around by money transactions. That’s not […]