Investing Experiment: 05/24/2016

I just remembered there was another stock I wanted to try out, Simon Property Group, Inc. (SPG). I live near a mall owned by this group and there are always a good number of people there whenever I stop by. During the last year's Christmas shopping, I had to go to multiple places to get gifts for everyone. Each shopping district was packed. Granted this was Christmas season, so obviously there would be many shoppers, but I happened to visit a few of them again and still saw numerous shoppers. This captured my interest, so I did a little online review and discovered that some of them belonged to the Simon Property Group. Seeing how well their stock has performed, lead to me adding this stock to my possible investment list.

Since I still had some left over cash in the Investopedia Stock Simulator, I thought, "Why not?" and decided to purchase a few shares.

Stock	# of Shares	Purchase Price
SPG	5	196.57

So now I have $1,467.63 left in cash on this simulator. Since I follow the "Buy and Hold" strategy, it will take a while for the dividends to bring back what I lost in commission fees alone. I also discovered that this simulator does not have an automatic dividend reinvestment option. I find the DRIP option very useful in slowly growing my portfolio since I can get partial shares without incurring more fees. Considering that Investopedia has a quick post about DRIP, I had hoped they would include it in their simulator. Oh well. That just means I will have to wait longer before buying more stocks or I adjust my strategy to do more trades to offset all the commission charges.

Click here to see an overview of my investing experiment.
Previous update: 05/18/2016
Next update: 06/09/2016