Tuesday, December 18, 2007
Our First Investment
We had been accumulating money. Once our Constitution was signed, we agreed to contribute $50.00 every month. We were somewhat anxious but having listened to all the advisors who had been kind enough to speak to our group, we felt that it was time to purchase our first stock. What to purchase? Several people made recommendations. However, some members didn't feel comfortable with the suggestions. Then, one stock was recommended and everybody agreed, "That's for us!" The stock was Cool Brands on the Toronto Stock Exchange. Who can refuse something good to eat.? It was, at the time, selling at $6.oo/share. We had enough money to buy at least 100 shares. We were hooked up to TD Waterhouse web broker where we could purchase the stock over the internet for $29. We did, we waited and we watched our investment.
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