Today would have been a good day to know a little about stocks. The Twitter IPO occurred today and the stock price started out at $26 to reach a peak of $50 and then close out the day at $44.90. Not a bad day for the lucky ones who were able to purchase TWTR stock before it started trading today. However, how the hell does one actually buy a stock let alone a stock before it available to trade?
Well, to sum it up you can’ t be some stock market newb like myself. Like many people I expected the stock to blow up in value after trading started. How did I know this? – Well because Twitter is the shit, that’s why. Out of curiosity, before I knew that there was no way I would be able to buy stock I checked out Scottrade mainly due to it popping up first on Google when I typed in, ‘how do I buy stocks.’ That didn’t work, Scottrade wasn’t offering the IPO. This is when I found out that the big banks, JP Morgan, Chase, etc. were offering the IPO and you needed to have a history with one of these banks. So wait, I couldn’t have went to my local JP Morgan and said, “hey, my name is Cory and I want some TWTR stock, that cool?
All in all, my morning was spent thinking about how I was possibly going to get rich as shit and pick up some TWTR before everyone was able to get their hands on it, realizing that there was no way that I was going to be able to purchase the stock, then watched the stock begin trading at $45 only to become pissed that I have no idea what I am doing when it comes to the stock market. Having money to buy stock would have also helped…