TIMtheTOON

This morning I bought a few hundred shares of stock and shrugged off the $400 price difference between the quote I saw and the one I got.

Last night, I bought groceries using $2.55 in coupons.

I worry that I misplace my financial priorities sometimes.

UPDATE: Okay, this is how I rationalized it: if the stock does well, I make back that $400 and it doesn’t matter how much I paid initially, since I knew I was only going to buy X number of shares no matter what the price. The future selling price is all I am concerned with. Until then, the only loss is the opportunity cost on that $400, which considering I’m buying Ralphs-brand food with coupons and driving the extra mile for gas that’s 1¢ per gallon cheaper, I’m not going to be using that money anyway. The other case is where the stocks do poorly and I lose all of it. Then I’m no longer a cheapskate — I’m just poor.

UPDATE UPDATE: Memo to myself, stick to your guns and do a limit buy based on Friday’s price when buying that Monday, otherwise you’re just another eager jerkoff who’s been waiting all weekend to overpay.

OPPORTUNITY COST UPDATE: Over the weekend I was hemming and hawing about getting an Xbox 360, but if I had waited until today (when I originally told myself to buy this stock) AND bought a 360 I would have been in the same position, financially.

INTROSPECTIVE UPDATE: With all this second-guessing I don’t think I have what it takes for these risky fiscal adventures. Maybe I’m cut out merely to work for a living.