Why Investing in Stocks Makes You Feel Good
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What makes you feel good?
Is it unconditional love from a pet? Is it a new pair of colorful socks from Bombas? Is it a body lotion that works?
Or is feeling good a feeling you have reading a book? Exercising? A favorite food? Donating to charity?
What is on your list?
Included in my list is investing. I feel good when I buy a few shares of a company I am curious about. Sometimes, buying a stock makes me happy. Why?
Because the company is one that I am interested in. Buying the stock is like having a secret relationship. I don’t have to tell the world who I am involved with.
I don’t need the approval of friends and family. It’s just me and the stock making our way in the world.
One company I am very curious about is Bombas. Bombas is a company that makes socks and gives away socks. For every pair I buy, they give a pair to charity.
So far they have given away 40 million pairs of socks.
That isn’t the reason I buy them. I buy them because they are great socks that come in lots of fun colors like orange and purple. And I like colorful socks.
Each pair of socks has an “L” for the left foot and an “R” for the right foot printed on the sock.
I recently received a pair of two Left socks. I tried them on to see if the Left Sock felt different on the Right foot. It did. I thought “Maybe Bombas could send me 2 Right socks”.
I contacted the Happiness Team and described my two Left feet. They responded within an hour, maybe less, and apologized that they couldn’t send me two Right feet, but they would be happy to send me another pair right away.
I could keep the two Left feet or donate them or give them to a friend. I didn’t need to send them back to receive a new pair.
Now I love Bombas even more. In addition to the socks, they have incredible customer service. This is a company that gets it. They thought about customer happiness and now I am a happy customer.
My next thought was, “Could I buy stock in the socks company?” I would love to own part of this company.
After all, Bombas and I are in a relationship.
A quick search told me that Bombas is a privately owned company. They are not publicly traded and have issued no stock.
Now my curiosity has spiked. Are they thinking about going public? How could I find out? Any hints of an IPO?
In the words of Sherlock Holmes: “The Game is Afoot!”
I will follow this company closely and hope for an IPO. What would a stock in socks be worth?
And why is Pharrell Williams now on an endless loop in my head singing “Because I’m Happy.”
Because investing makes me feel good.
This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by The Modest Economist LLC.
