This morning at 7:30 a.m. Ryan became the proud owner of 5 shares of Chipotle.\u00a0 I have to admire him for waiting this one out as he was pretty intent on buying even more shares way back in August at a higher cost.\u00a0 And as you may recall, after the Schwab financial advisor showed him what rating Schwab had given his favorite restaurant, he backed out.<\/p>\n
But then last\u00a0Friday happened.\u00a0 And no doubt the past few months helped.\u00a0 But specifically, last\u00a0Friday we received a newsletter from The Motley Fool.\u00a0 In the newsletter, they recommended several good stock picks along with their reasons.\u00a0 And lo and behold, Chipotle was one of them!<\/p>\n
I couldn’t wait for Ryan to get home from school and show him the newsletter.\u00a0 His little eyes lit up.\u00a0 Maybe now was the time.\u00a0 But, even The Motley Fool can be wrong.\u00a0 So we did a little more research and found an article that felt that this was not a good time to invest in the restaurant.\u00a0 Ryan is adding to his financial vocabulary with words like ‘price to earnings ratio’ and after a while his eyes started to lose their luster.<\/p>\n
In the end, he decided to spend half of the money he had saved for this purchase and go with 5 shares of the company.\u00a0 So this morning, we hit the ‘Buy’ button and at $47.99\/share, he owned a small sliver of ticker symbol CMG.<\/p>\n
For lunch, he wants Chinese.\u00a0 Go figure.<\/p>\n","protected":false},"excerpt":{"rendered":"
This morning at 7:30 a.m. Ryan became the proud owner of 5 shares of Chipotle.\u00a0 I have to admire him for waiting this one out as he was pretty intent on buying even more shares way back in August at a higher cost.\u00a0 And as you may recall, after the Schwab financial advisor showed him what rating Schwab had given his favorite restaurant, he backed out. But then last\u00a0Friday happened.\u00a0 And no doubt the past few months helped.\u00a0 But specifically,…<\/p>\n