T recently informed me that he can buy shares in his company. And as dorky as it sounds – that got me really amped.
It’s been increasing revenue every year, expanding throughout the recession, and launching new brands and stores – both in Australia and New Zealand. He tells me it’s also on the brink of acquiring a pretty significant chain, so IMO, if we’re going to get in, we should get in quick.
Meanwhile, I’m writing about Kiwi companies doing amazing things and experiencing good growth (my job, obviously – not on here), and I can’t help but want to be a part of it! A lot of them are still private, but there are certainly a few that I could invest in.
The questions really, then, are: Can I afford to? How much would I need to get started? How long would I expect to tie up my money for/how much would I hope to make? And of course, due diligence: are they really solid bets?
I wouldn’t plan to put a ton of money into this – I have too many other short-term goals already vying for my pay – but I obviously want to get in to turn a bit of a profit, not lose cash. And rushing into decisions is a sure sign of foolhardiness.
Better go get some books out on investing, then.
Do you ever invest in individual companies? How did you go about getting started?