My choices are doing very well lately. Ever since my ranking bounced up in the middle of June, it has been steadily climbing higher. When I learned that the UK had voted to leave the European Union, I was worried about how the market would be affected. However, since I have very basic knowledge about companies, there was little I could do besides reading random articles about what people predict will happen. I figured this was it, my stock picks are going to go down in value now.
In hindsight, I realize that I did not need to worry as much as I did because my portfolio focuses on companies in the United States so they won't be affected as quickly as stocks overseas. Granted, I still need to worry because businesses and other investors are adjusting themselves as policies and relationships change between countries. I expect my portfolio's value to fluctuate with each new piece of news. Until then, I will treasure the sight of having an account value of $10,423.45 and a rank of 181.
Click here to see an overview of my investing experiment.
Previous update: 06/15/2016
Next update: 07/25/2016
Thursday, June 30, 2016
Wednesday, June 15, 2016
Investing Experiment: 06/15/2016
I have been very lucky this week. My ranking has remained high thanks to the market going up lately, so I am now at 293. I am enjoying each day of this, but will feel better when the market goes down because I feel like I haven't done much to actually increase the value of my portfolio.
On a more lighter note, I got another batch of dividend payments today: $12.47!! I am so close to earning back the money used on one of the commission fees. If the payouts are consistent with what happened this month, then it appears each month will pay off almost one commission fee. Therefore, it will take about 8-10 months before I get enough cash to recoup the losses caused by these commissions.
Click here to see an overview of my investing experiment.
Previous update: 06/09/2016
Next update: 06/30/2016
On a more lighter note, I got another batch of dividend payments today: $12.47!! I am so close to earning back the money used on one of the commission fees. If the payouts are consistent with what happened this month, then it appears each month will pay off almost one commission fee. Therefore, it will take about 8-10 months before I get enough cash to recoup the losses caused by these commissions.
Click here to see an overview of my investing experiment.
Previous update: 06/09/2016
Next update: 06/30/2016
Thursday, June 9, 2016
Investing Experiment: 06/09/2016
Woohoo! Yesterday was a lucky day! The stock market is up, which bumped up my portfolio value. As of closing yesterday, my total account value was $10,051.75. This pushed my ranking up to 320! Obviously this rank is going to dive like a bird once the market goes down again, but I'll enjoy every good outcome that I can get.
Another highlight is that dividends are coming in. After purchasing all my stocks, I had $1,467.63 in cash. As of yesterday, I now have $1,477.63. Ten dollars! It will take a long while before I recoup my losses from commission fees alone, but it is still exciting for a beginner like me to see the portfolio value rise.
Click here to see an overview of my investing experiment.
Previous update: 05/24/2016
Next update: 06/15/2016
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