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Saturday, December 5, 2009

If you had to invest in the stock market right now, which companies would you invest in?

http://www.freefoto.com/images/04/03/04_03_1---Stock-Market-Prices_web.jpg
There’s a school of thought in the investment world that says the best way to invest is to put money in the companies that you believe in. Hmm ...

I know, I know. The theory sounds nutty. I can barely use a coupon, never mind buy stocks. However, you might remember this old post, where I suggested you all invest fake money in the real stock market, just to see how your investments went.

Well, I followed my own advice, and I’m way up. Like, more than $400,000 up.

Here’s how it went down.

Anyone who signs up with WeSeed gets $1,000,000 (in fake money) to invest. You can research your stock options there or just buy on a whim, which I did. Here’s a sample of companies I invested in and why, their stock market symbols, and how much the stocks made me:

Apple (AAPL) +208,663.98
In three words: I’m a Mac.

American Eagle Outfitters (AEO) +$12,900
What can I say? Their pants are a perfect fit.

Amazon (AMZN) $31,949
I’m not going to discuss how much I love Amazon—or how often I place an order there. I’m just not.

Target (TGT) $1,191
’Nuff said.

In the end, investing in companies I love paid off big time for me. (Granted, in fake money. But whatever!)

If you had to invest in a company, based strictly on the fact that you love it, which company would you put your money in?

Related: 7 Little Bargain Shopping Tips That Will Save You Major Money

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Comments 1-3 of 3
  • Jackson B's Avatar
    Posted by Jackson B Tue Oct 20, 2009 10:18am PDT

    Nintendo. haha. And....Yahoo. And..... I'll get back to you on the others. May I ask how long it took you to make that much? I hear it's a great time to get into the market because prices are crazy low.

    Report Abuse
  • opiniononly's Avatar
    Posted by opiniononly Tue Oct 20, 2009 3:42pm PDT

    I think it's more accurate to ask "If you were able to invest..."

    Report Abuse
  • M. HallerY's Avatar
    Posted by M. HallerY Tue Oct 20, 2009 8:44pm PDT

    The yahoo page offers a free, no-limit-to-the-fake-money stock portfolio, and my friend (who majored in economics) says it's a great way to figure out how the market works without risking anything. (-: But none of us have actually figured out how to *buy* real stocks from where we are (we're all expats). Fun to play . . . harder to apply that knowledge.

    P.s. I love Amazon, too!

    Report Abuse
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