To all of you novice investors out there with little money but a brimming curiosity for the stock market: I am starting a new hobby: Stock Investing. To that end, I will be posting a series of blogs over the coming weeks describing my low risk steps as a small investor, what I have learned, my successes, and (hopefully not, but) my failures.

This first entry outlines my Plan of Action (POA) thus far. Outlining initial goals is important. If you are doing this with me, sit down, pick up a pen, and make your own POA right now. Go ahead! What have you got to lose?
I will let you know if I modify mine in the future. As I become more knowledgeable through continued reading, discussions, practice, and posted comments from you investment savvy readers out there, things could change. But here is where I am at thus far:

Stock Market Investing Goals for 2008

1. Open an Ing Sharebuilder Account (completed, with there $50 promotion). If you are interested in the promotion, see this link.
2. Generate $1000 through alternative incomes other than my day job to be used for the sole purpose of stock market investing. I have generated $200 so far by opening two Sharebuilder accounts (one for my spouse), a new Chase Freedom Credit Card ($50 cash back), and giving up my morning coffee for the last month.
3. Through identified investigative strategies as described by Jason Kelly, Benjamin Graham, Philip Fisher, Warren Buffett, and others, identify 5 value stocks (more on value vs a growth stocks later) for my portfolio. 4 of the 5 stocks will be “green” companies. Shooting for “green” investments aligns with another personal goal of mine: not trashing the planet while becoming financially secure. I will do this following my 80/20 rule for success through moderation. For those of you unfamiliar with the 80/20 rule, it means if you do good things 80% of the time you pat yourself on the back.
4. Watch these stocks and purchase at low points in their market price fluctuation cycle. Do this through the course of the year as the money becomes available.
5. Watch the money grow!

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