This time around, as I said in an earlier post, I'm in for the long haul, with very few sales, if any, before a year of holding.
I've started out on a very small scale, but at the most pay $10 commissions instead of $50. I also am using an unlimited monthly purchasing plan to keep my commissions at a reasonable rate.
For the most part I've used dividend research sites, and Fool.com to pick the stocks this time around. Jim Cramer's 60-second picks have rounded things out.
I have long positions in all stocks mentioned, and receive no compensation from, or have a relationship with, any of these companies. My posts are not endorsements suggesting you buy any stock, but are just insights into the health of my portfolio at any given moment.
Dividend reinvestment is enabled for all dividend stocks.
My Stocks, Their Earnings
(All stocks not mentioned as bought with $10 commissions were bought on an unlimited commission plan.)
AWP: Alpine Global Premier Properties pays out $0.05 in dividends monthly. At 14.29 shares, that's about $8.57 a year. YTD: -$6.90 (bought with $10 commission).
BRKS: Brooks Automation yields around 4.20% yearly. 19 shares were purchased at $7.99 cost per share ($10 commission). Stock was purchased for its dividend and its company's cash reserves. YTD: $-3.68.
FB: Facebook. 4.03 shares were purchased at costs of $27.17 (1.03 shares) and $29.21 (3 shares). YTD: -$3.46.
NYCB: New York Community Bank. 9 shares were purchased at $14.15/share. Dividend reinvestment has brought shares up to 9.35 shares, with quarterly dividends of $.25. YTD: -$11.01.
NCT: Newcastle Investment Corp. 5.471 shares were purchased at $7.31/share for dividend rate. Stock price is up nearly a dollar since purchase. YTD: +$5.03.
SDT: Sandridge Mississipian Trust, oil and gas. 3.186 shares were purchased at $17.26. YTD: -$0.32.
SCCO: Southern Copper Corporation. 1.362 shares were purchased with $50. YTD: +$2.27.
DDD: 3D Systems. 3 shares were bought at 33 and sold at 42, with $10 purchase and sale commissions, for a net profit of $7. 1.616 shares were bought on the unlimited plan at an average price of $44.53. YTD: +$9.57.
Total loss including commissions: $38.50.
Monday, December 10, 2012
Welcome to Lionel's Stock Portfolio
Hello world.
The last time I really invested was back in 1999, around the time of the tech bubble.
My investing methods were scattershot if anything, and I was using a broker's advice at $50 a transaction. He didn't know any more than I did the way the markets were going; he just enjoyed making minimal chit-chat and pocketing cash that could easily have gone toward more shares of stock.
I had been lucky with one tip, INVT, whose stock name itself (InvestAmerica) whipped up enough hype to bring it from $1 to $9 overnight and bring my portfolio to over $10,000.
Other stocks, like SONE and EAG, grew steadily for a while, to the point I was making $350 a week in my underwear. It was a great time, and I ignored the daily stories that came out, like "Is Dot-Com Bubble About to Burst?"
My weekly income slowed at that point, dropped to zero in a few days, and then crashed in a series of margin calls. INVT dropped through $8, $7, $5, $3, $1, and then virtually nothing. By the time it was all over, I'd cashed out completely, with nothing but a bad taste for investing and a string of receipts for $50 commissions.
Working-class life called for a few years, leaving me few if any options to get back into the market.
Finally, after doing some research and getting married to a wonderful lady, I've been able to get back into the market, bit by bit, and start to accumulate some momentum.
This is the story of my portfolio from week to week. I'm sure there will be times it will lose money, but one thing is certain: this time around will be more careful, more proactive, and much less impulsive.
If you're an experienced investor and have advice to offer in a comment, I'd be very happy to hear it, positive or negative. It's my hope to turn my portfolio into a long-term winner and enjoy learning along the way.
Thanks for visiting,
Lionel
The last time I really invested was back in 1999, around the time of the tech bubble.
My investing methods were scattershot if anything, and I was using a broker's advice at $50 a transaction. He didn't know any more than I did the way the markets were going; he just enjoyed making minimal chit-chat and pocketing cash that could easily have gone toward more shares of stock.
I had been lucky with one tip, INVT, whose stock name itself (InvestAmerica) whipped up enough hype to bring it from $1 to $9 overnight and bring my portfolio to over $10,000.
Other stocks, like SONE and EAG, grew steadily for a while, to the point I was making $350 a week in my underwear. It was a great time, and I ignored the daily stories that came out, like "Is Dot-Com Bubble About to Burst?"
My weekly income slowed at that point, dropped to zero in a few days, and then crashed in a series of margin calls. INVT dropped through $8, $7, $5, $3, $1, and then virtually nothing. By the time it was all over, I'd cashed out completely, with nothing but a bad taste for investing and a string of receipts for $50 commissions.
Working-class life called for a few years, leaving me few if any options to get back into the market.
Finally, after doing some research and getting married to a wonderful lady, I've been able to get back into the market, bit by bit, and start to accumulate some momentum.
This is the story of my portfolio from week to week. I'm sure there will be times it will lose money, but one thing is certain: this time around will be more careful, more proactive, and much less impulsive.
If you're an experienced investor and have advice to offer in a comment, I'd be very happy to hear it, positive or negative. It's my hope to turn my portfolio into a long-term winner and enjoy learning along the way.
Thanks for visiting,
Lionel
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