After I read an interesting back to 1989 story of DivHut about his first stock purchase I looked back and thought about my first stock purchase.I think I bought my first stock in 2003. I did not know much about investing and did not have a trading account.
First of all I had to write a report for one of my University classes about one stock. So I had to pick the stock.
At this moment I was married and we were trying to pay all debts my ex husband accumulated before he had met me. So after reading a bunch of books on how to eliminate debts and reviewing our expenses, I noticed that every morning my ex husband would go to Starbucks and buy a latte and banana bread. I asked him to stop. I even made him banana bread at home. He took my banana bread but said he couldn't live without his cup of Starbucks. I was mad. This is how I made my choice of stock for my school project. I thought there should be not just one person being addicted to this coffee.
It turned out I was right and after my research paper I liked the stock but I did not buy it yet.
Later same year my ex husband got obsessed with the idea of moving to a bigger house. He said it was the one and only opportunity and perfect timing. So at the end we actually built a bigger house. One night while we were at the party and my ex was bragging about our new house to his boss I said, "yeah but it is lots of cleaning". My ex's boss told my ex to get a cleaning lady for me. He even gave me a phone of his cleaning lady.
I called and asked cleaning lady for her fee. Back then it was something around $80-$100 per cleaning. Then I don't know how but I got this idea in my head that instead of inviting and paying cleaning lady every time I clean the house I would put money into investment account and invest in stocks.
This is how I got my first share of Starbucks. It turned out to be a good investment. I actually sold my shares last year but I might buy it again one day.