I bit the bullet and purchased 9 shares of CAT. Caterpillar was mentioned in Smart Money magazine as one of the stocks to watch in 2011 and was rated a buy in the analysts estimates. Who doesn’t like shiny yellow construction equipment anyway?
9 shares x $113.59 each + $9.99 transaction fee = $1032.30 expense.
Fingers crossed it sky rockets! (highly unlikely since it’s a fairly stable stock, but one can always hope)
And so our road to riches begins – even if it’s just one dollar or one trade at a time, we are moving.