My first investment was made in 1997 for 93 shares of a credit card company. That 22-year-old aspiring trader researched the investment by acquiring the company's annual report via snail mail and supplemented it with a review of the company's competitive set in a Value Line binder at the library. Information, at that time, was very limited unless you worked on Wall Street. The initial trade was only made after several phone conversations with the broker - each requiring a new price quote - and cost $60 in commissions.
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