Monday, July 6, 2009

Baby Steps

I bought my first stock today! Oh, I feel like an adult now. :)

Anyway, the broker recommended the Central Fund of Canada, and I should be able to buy about 50 shares. He suggests buying about 100 shares in CEF before moving on to other things. That will be another month's worth. Then we can start diversifying.

In other news, the G8 is meeting and talking about moving away from the dollar. They're trying to soften the blow, though, by saying it applies to all fiat currency and by saying it will take many years to do this. We'll see. If the US economy continues to decline, the situation could escalate.

In the meantime, I have sent the paperwork to my parents for opening their own account. My dad still needs some convincing, though.

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