Buying our first stock

Hey all, how’s it going? I have some fun news to share: in the depths of this economic crisis, Shinobu and I bought our first stock! After the big crash last week we borrowed $5,000 from her mom and bought 35 shares of Apple, Inc (AAPL). I am now a part owner in that great company! We found a securities company here in Toyama (Nomura) through which we got the stock. It was very easy- set up an account, dump money into it, then give them a call. Once we get our security code mailed to us (any day now), we’ll be able to trade from home via the Internets.

Apple has been growing by leaps and bounds the past few years, as many of you know from my frequent propaganda mailings (which worked for some, but not for others- you know who you are!!!!). They are a leading tech company that makes great stuff, and they’ve been doing very well even though other tech companies haven’t. Earlier this year their stock was trading at over $200 per share. Recently, thanks to the multiple crashes, the price went down to under $100. Time to buy! Shinobu really snatched on this opportunity, and thanks to her mom, we were able to create some cash. Naturally we are very grateful to her and will repay with interest!

The only down side of this purchase was that the moment we bought it, the stock was at its highest point in the past few weeks (116). Apple came out with new notebook computers last Tuesday, and I thought that that announcement would send the stock up, but instead it went down! Complicated story… Anyway, we’re now checking our “portfolio” (he he) each day, and it’s kind of exciting. Lest you think I’m crazy to invest in such hard times, I’ll have you know that I basically have followed the advice of Warren Buffet:

“A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.”

This is a fantastic article, and I highly recommend you read it if you’re interested in a hopeful take on our current economic disaster. 

Anyway, that’s about it. We’re now excitedly checking all the financial news with renewed interest. We’ll see how it goes. Like Buffet, I’m extremely confident that things will turn around, especially with O in the White House. It’s nice to know we’ll be able to benefit from that.

Oh, and don’t forget- for your next computer, buy Apple! The new MacBooks are amazing! Don’t believe me? Just check out this fascinating mini-documentary on how they made the new machines: 

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