Quote:
|
Originally Posted by eribrav
Supple do you have the discipline to be able to save money in a savings account or money market for a bit? Because you'd be much better off saving up the $450 or so to buy a GOOG share, then opening a discount brokerage account and paying one $10 fee once to get your share. On a percentage basis you're getting creamed by fees right now.
|
Huh.
*slaps forehead*
I guess I hadn't thought of it that way. I do have the discipline to save that kind of money, but I think my initial instinct was to have some of the stock
now. Here I'm thinking along the lines of ING's automatic investment plan for my IRA, to take advantage of dollar-cost averaging. Of course, ING just takes out $10 annually and I am paying $4 a pop monthly to own a mouse's share of Google. I suppose this is where that irrational obsession thing comes into play.
Now that you've put it to me that way, I looked into my options at Sharebuilder and discovered that I can turn my automatic investment plan off and just hang onto what I already have until I am ready to put more in. Plus, I just got my federal tax return, so I think I'll just set my automatic plan to "one-time" and invest a $300 chunk. The "one-time" option automatically shuts the plan off after that one investment, and I can turn it back on at any time.