Comments on: High-Priced Stocks: I’ll take one, please. http://www.thiswriterswallet.com/2007/06/15/high-price-stocks-ill-take-one-please/ the story of an Chicago 20-something as she tries to make, save and spend money Wed, 07 Jan 2009 23:55:14 +0000 http://wordpress.org/?v=2.7 hourly 1 By: ispf http://www.thiswriterswallet.com/2007/06/15/high-price-stocks-ill-take-one-please/comment-page-1/#comment-121 ispf Sun, 17 Jun 2007 04:19:15 +0000 http://thiswriterswallet.com/?p=61#comment-121 First off, I am not qualified in giving any investing advice. That said, I think Jonathan makes a very valid point that the stock is likely not going to increase as fast in the future as it did in the past, since the company is quite big already. My personal philosophy is to invest through index funds/ETF's for now and if I ever get good at investing then get into picking individual stocks. I have been putting aside a little at a time in an online account and now have enough to meet the minimum requirements of some of the funds I have been eyeing... Haven't pulled the trigger yet, though :) Second, on a slightly different note, about the statement "...whatever it does or doesn’t make is money I earned over my regular income:..", I would recommend reading the book "Why smart people make big money mistakes" by Gary Belsky and Thomas Gilovich. I don't read a whole lot of finance books, but I really enjoyed this one! They have a whole chapter on the attitude to classify money as "what can be risked" and "what should be saved" and how it can effect a person's financial well being in the long run... I will try to write a detailed post about it soon... First off, I am not qualified in giving any investing advice. That said, I think Jonathan makes a very valid point that the stock is likely not going to increase as fast in the future as it did in the past, since the company is quite big already. My personal philosophy is to invest through index funds/ETF’s for now and if I ever get good at investing then get into picking individual stocks. I have been putting aside a little at a time in an online account and now have enough to meet the minimum requirements of some of the funds I have been eyeing… Haven’t pulled the trigger yet, though :)
Second, on a slightly different note, about the statement “…whatever it does or doesn’t make is money I earned over my regular income:..”, I would recommend reading the book “Why smart people make big money mistakes” by Gary Belsky and Thomas Gilovich. I don’t read a whole lot of finance books, but I really enjoyed this one! They have a whole chapter on the attitude to classify money as “what can be risked” and “what should be saved” and how it can effect a person’s financial well being in the long run… I will try to write a detailed post about it soon…

]]> By: GradGirl http://www.thiswriterswallet.com/2007/06/15/high-price-stocks-ill-take-one-please/comment-page-1/#comment-120 GradGirl Sat, 16 Jun 2007 15:52:58 +0000 http://thiswriterswallet.com/?p=61#comment-120 Well, that's encouraging. Here's hoping Google really does take over the world, huh? :) Thanks for the tips, Jonathan! Well, that’s encouraging. Here’s hoping Google really does take over the world, huh? :)
Thanks for the tips, Jonathan!

]]> By: jonathan http://www.thiswriterswallet.com/2007/06/15/high-price-stocks-ill-take-one-please/comment-page-1/#comment-119 jonathan Sat, 16 Jun 2007 15:20:56 +0000 http://thiswriterswallet.com/?p=61#comment-119 yea the price maybe high, but I bet people that saw shares of Berkshire Hathaway at $500 were hesitant to invest. Look at the stock price of the company now, class A shares are going for over $109,000. I'm not saying Google will grow to that price, but don't be scared of the price. As long as it's not all of your money that you have going to buy a share. Google is the largest media company in the world already and they already have a market cap of $157 Billion. The larger the company is the slower it grows. Just a reminder, don't expect the growth that you have seen since the IPO, but It still has room to grow just not double in the next year or two. In the end, I would buy one share for the fun of it! :D yea the price maybe high, but I bet people that saw shares of Berkshire Hathaway at $500 were hesitant to invest. Look at the stock price of the company now, class A shares are going for over $109,000. I’m not saying Google will grow to that price, but don’t be scared of the price. As long as it’s not all of your money that you have going to buy a share.

Google is the largest media company in the world already and they already have a market cap of $157 Billion. The larger the company is the slower it grows. Just a reminder, don’t expect the growth that you have seen since the IPO, but It still has room to grow just not double in the next year or two.

In the end, I would buy one share for the fun of it! :D

]]> By: Krystal http://www.thiswriterswallet.com/2007/06/15/high-price-stocks-ill-take-one-please/comment-page-1/#comment-118 Krystal Fri, 15 Jun 2007 14:54:23 +0000 http://thiswriterswallet.com/?p=61#comment-118 Ohh I can't wait to hear the responses, because I've been wanting to buy Google stock for a while now too ... but that price tag has always kept me away! Ohh I can’t wait to hear the responses, because I’ve been wanting to buy Google stock for a while now too … but that price tag has always kept me away!

]]>