I wanted to buy AAPL on the cheap but the Patriot Act got in the way

Feb 07, 2006 09:54

I've been interested in the stock market for several years but now that I'm out of school and working I've been looking into investment strategies in more detail. I figured I should start small so I can make my mistakes early on without losing too much money. Since I understand the tech industry better than any of the others, I'll probably stick to that for now. I've been watching a few stocks for the past several weeks and yesterday AAPL dropped below my "buy" price.

Wanting to get in on this opportunity, I started looking into opening a brokerage account. Dogs of the Dow has a great listing of deep discount stock brokers and ScotTrade looked like the cheapest one as long as I stuck to market orders. I filled out the online account application only to be stymied by a requirement of the Patriot Act that I present state ID in person. I was already going to get state ID this Friday because the same act requires me to present it in order to open an account for buying TIPS but by then I'm sure AAPL will have recovered and I'll have lost this opportunity.

BTW, isn't it fascinating how closely the movement of AAPL and GOOG have been tied over the past 6 months?

investment

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