Wanted to share first experience dealing with stocks. Charles Schwab legit & perfect for rookies like myself. Recently bought 10 shares of Nikola @ $30/share. Held high hopes + expectations for this hydrogen fuel cell start up auto company. GM invested 2 billion & Republic Services (2nd largest trash company) held an agreement with Nikola to supply dump trucks in a couple years. Their consumer truck The Badger looked fantastic with good stats set to release next year.
As soon as I invested, scandal around the corner. Allegations of fraud , the ceo/founder leaving the company , & seems like every week a new negative event brought up in the news. As soon as things went south, sold asap. Luckily only lost $40 in all .Stock trading at $19/share now. Pretty bummed, thought this company gonna be legit. Fun experience checking stock price every morning. Long before I invested, Nikola traded as high as $90 back in June.
Also recently read a book about Theranos called Bad Blood. Quick overview if you haven't heard, Elizabeth Holmes claimed to create super innovative blood test machine that only requires a few drops of blood. Complete fraud. She fooled so many people, investors , gvt officials, & even Walgreens to sign a big contract. Shes actually in the early phase of her trial right now. Just blows my mind after Enron, all this fraud still happening today on a huge scale.