Tuesday, August 23, 2011

$125 being sent to Craig to invest in the stock market?! What? Are you kidding??

Well, this one will surprise you folks. Of that I'm certain.

Today's free money recipient is Craig, who emailed me a few days ago and asked for money to invest in a particular company listed on one of the major stock indexes.

Given the up and down (mostly down) nature of the market in the last month, you might think this sounds like a ridiculous idea. Well, I never said your request for free money had to make perfect sense or even be logical. But in all reality, I think that Craig has the right idea.

I don't know a lot about investing. But I do know that the old saying "buy low, sell high" makes a lot of sense. If the market is down and you've had your eye on a particular company that has a good business but whose stock has been hit hard by a volatile market, it only makes sense that you'd want to jump in and buy when the price is at its lowest. Its a good business decision and a smart move.

So Craig, I'm sending you a money order for $125. I'll add your stock ticker to my "watch" list and keep an eye on things to see if you have success with your investment.

For the rest of you, keep those requests coming! Maybe I'll find a little money for you to invest too.


Carol said...

I think you are awesome for thinking of this and acting upon it! With the economy like it is people need to know there is someone who actually cares about people in need!Well Done! My question to you is; What can we do for you? Sincerly Carol Harris


Scott said...

I don't ask anything of the visitors and readers of this blog. If there is something you'd like to do, then I'd say "pay it forward."

I hope that doesn't sound too cliche. But if you can afford to share your time or money with those less fortunate than yourself, then by all means do so. If you're struggling yourself, be thankful for what you do have. And even if times are tough, find an extra dollar or two in your budget for the collection plate at church or temple or your house of worship. Or donate that extra dollar to your local school district or scholarship fund. Or just take a few unused items in your home to the Salvation Army or Goodwill and donate them.

That is the best advice I think I can give.

I appreciate you visiting this site and reading what I have to say.

MB said...

It is beautiful that you can give money to those who are in need. Thank you for your words of encouragement in the Thank You section of your website!!