So you guys know I’m a real estate investor. To me real estate is safe and tangible. It’s what I know, it’s what I’ve mastered, it’s my comfort zone. But when I got an email from Square telling me they were going public, and that as a customer I would have first dibs at shares before the rest of the public- I got a little curious. I’ve watched major IPO launches in the past from a distance, and I knew there was money to be made. But a as a solo investor not connected with a major trading house, IPOs of this size usually aren’t avaialble to me.
I love Square, I use it almost everyday as a consumer and as a business person. The user interface is aesthetically clean, and it is generally super user friendly. The fees as a merchant service are very reasonable and I believe the company is going to be the primary face of global payment processing. So that’s why I took the plunge to purchase some shares.
I’m sharing this with you because money has to stop being a taboo topic. We can’t understand something if we don’t discuss it , LEARN, and experience it for ourselves. So here’s how it went down.
I decided to invest $2500-the max available through LOYAL3, the platform Square used to allow their customers to take part in their IPO.
2 months of childcare
5 months of car payments
1 year of my car insurance and home owners insurance combined.
So to me it was a pretty decent sized risk. When the opening bell rung my heart was racing like I was a majority owner. I will say, that I’m not sure my heart is cut out for the stock market. I almost had an anxiety attack. But seeing the ticker go up incrementally that day was a huge adrenaline rush. At the end of trading today the value of my stock is up 28%, and if I sold tomorrow I’d make about $700. I haven’t decided whether or not I’m invested for the long haul, but I’m so glad I experienced this for the first time.