I've been carefully watching my 3 URBN shares for the past few days, and so far it's been a roller coaster. One day they're up 2%, the next they're down 5%. As of right now (and this most definitely will change) I'm +1.3% on my initial investment. Which nowhere near the 20% I was hoping for, but I can be patient!
As I said in an earlier post, I bought those shares of URBN for $75.00 total. Leaving me with $29.82 left over to play with. I was initially going to invest all of it in the stock market, but the way things have been going makes me second guess that idea! I've decided to instead invest some of that money into the online currency Bitcoins (if you don't remember what those are, scroll down and you'll find a post about them). The fees for buying and selling Bitcoins is minuscule in comparison to those levied on stock market accounts. What that means for me is that I can invest a small amount of money and still make a decent return on it. Below is a graph on the USD/Bitcoin conversion.
Mt. Gox, and now all I'm waiting for is my bank account to get verified. I'm going to convert $25.00 into bitcoins which will give me almost 4 of them. After a few months I'll swap those ~4 bitcoins back into USD and make a nice little profit!
More blog updates to come this weekend, I believe I've found someone who will trade me something for those bear earring I bought!!!