Bought 12 Shares of Cognizant

cognizant 300x116 Bought 12 Shares of CognizantA large part of my building wealth strategy is learning how to invest in the stock market successfully.  My first investment as part of the Saving to be Rich project was to buy Caterpillar stock (CAT) – so far they’ve gone down 5% since I purchased it.  Not really the direction I was hoping for.

Today, I made my second purchase and chose Cognizant Technologies.

I am part of an investment club and Cognizant (CTSH) has been one of our best performing stocks for the past 3 years.  When we evaluated it at our monthly meeting last week, it still looked really strong and has the potential to triple in value – so I decided to add it to my portfolio.

There are lots of things to look at when deciding which stocks to buy, including:

  • Price per Earnings Ratio
  • Debt to Capitol
  • Profit
  • Revenues
  • Quarterly Reports
  • Analysts recommendations
  • Their competition
  • What size company are they?  Small, Mid or Large Cap?
  • And much more.

I will try to address what you should look for in upcoming posts.

What about you?  Any good stock tips worth sharing?

3 Responses to Bought 12 Shares of Cognizant

  1. barbara says:

    So want to invest in stocks but don’t know where to start.

    • admin says:

      What’s holding you back? I know it was VERY intimidating to me the first time. I don’t ask this flippantly, but to get some idea of your reservations so I can address them in a post. I imagine you aren’t the only one unsure.

    • admin says:

      I wrote a post to answer your question! But really, the first thing anyone told me was to invest in what you know. I have had that work really well for me. Everyone I knew was shopping at Old Navy, Gap and Banana Republic – so I bought GAP shares (they own all 3). Everyone I know raves about Chipotle burritos, so I bought some Chipotle stock. Everyone I know wants an iphone or an ipad or an ipod – so I bought Apple stock.

      First open an account, then start playing around! ;)

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