I'm not looking for a friend, I'm looking for a Jedi master.
I am an investing novice and what I've found here at The Motley Fool has really made me excited about investing. My idea for starting a blog is that this will be a good way to document my growth as an investor while creating a vehicle for getting veteran advice and criticism regarding my thoughts. I figure the worst-case scenario (if I manage to keep up and write something every week) is no one will comment or even notice my blog. In that case I'll have nothing less than an investment diary documenting my thoughts of why I had purchased each stock when I did. The best case scenario would be for this blog to initiate a rich discussion about the stocks I'm most interested in.
The theme I've come up with for this blog is "stock of the week" where I pick one stock per week and write my ideas about why I bought that particular stock at that point in time. I have a feeling that the stock market during the next several weeks (possibly months) is going to be a wild ride. Rather than wait for the market to rebound or try to anticipate when the "best" time to buy is, I've decided to take a portion of my investment budget and every Friday purchase stock from one company, then hold on tight. I have a good number of stocks on my watchlist across several industries and I'm adding new stocks every day. Although, if the same good opportunity presents itself week after week, I may spend my investing allowance on buying the same company in consecutive weeks.
Whether I learn something from this experience or simply document each foolish move I make through this journey, my hope is this blog will be a fun experience for me and anyone who happens to read it. There are two things I should point out about myself: first, I am a nerd. I like nerdy things and my goal is to bring a nerd-twist to my analysis. Second (and more importantly) when it comes to investing, I am a novice, noob, newbie, rookie, tenderfoot. You should not regard my posts as advice or recommendations, but I encourage you to post advice, thoughts, criticism, ideas, words of wisdom or any help you're willing to give.