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My Fidelity account has been funded for 2005 and this is my first TRUE attempt at buying stocks without my parent’s help. I have been in stocks for a little while now, but never really made some big moves on my own. Now that I have some money in the Roth to mess around with. Here are some of the things I have learned from different people.

First of all, you have to learn some of the lingo. The first question that I asked was, “What are the diffferences between market, limit, and stop orders. I really still have no idea, but most of normal joes will put in a limit order and purchase the stock at the last ticker update. It’s the easiest way to go. There are littl nuances with the other types that I just don’t want to mess around with right now.

Another interesting thing I learned was buying stocks on margin. Buying on margin means that you purchase the stock with money you don’t have. How does this work? Well, you essentially borrow moeny from the broker and they charge you an interest on it. So if you buy a stock and it drops….margin calls and you have to pay up! Watch Trading Places with Eddie Murphy and Dan Aykroid and you will see what I mean.

So now, as I watch the stocks rise and fall, I will do more research on comapnies I want to invest in and hopefully watch the market thrive over the next 30 years. And just like Sportscenter here is your closing number. $1.2 million when we retire at the age of 67 will be the equivalent of $390,612 of today’s dollars. This was adjusted with 3% inflation. So, save your money and forget about the Range Rover that you want.