Showing posts with label Lino's boss. Show all posts

Becoming Lino Rulli's boss

I am no expert. Ask me to name 10 popes, and I'll probably come up six short. Put an algebra textbook in front of me, and I'll recoil in horror/stupidity (and immaturely laugh at the word "bra" being in algebra). As Lynnrd Skynnrd sang long ago, I'm just a simple man.

However, one thing I know I need to do is start investing in my future. Financially speaking, that is. And me not knowing much about stocks and mutual funds, I've put it off for a few years.

But then I got curious, and wondered what SiriusXM's stock price was. I was expecting it to be around $9-10, but was horrified to see it at 12 cents a share on Friday.

With such a low price, maybe it's foolish to invest in Sirius right now. I can't answer that, but I had $70 left over from Christmas shopping, and thought, why not? So I ended up buying 500 shares of stock from Sirius.

Now I don't expect to get rich, but the pre-dominant thought in my mind was, "With this stock, I am a shareholder in the company. Which technically makes me Lino's boss, since I have ownership in the Satellite Radio company (yes I know that the New York Archdiocese funds The Catholic Channel, but they don't have stock on the market to buy)." Just that thought makes it worth buying stock in SiriusXM.

I think it would be fun if all the listeners bought a handful of shares in SiriusXM, that way we could say we were Lino's boss. I did it on Sharebuilder.com, and making a purchase cost me $9.95, along with the price of stocks. So for $15, you could get 33 shares of SiriusXM, then have the joy of knowing that Lino answers to you :)

I'm no expert, but I had a lot of fun.

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