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I guess most people who come to GLL are those who want to improve in some areas of their lives.
A little background:
Last year I focused a lot on dating and I learned a lot. I can't yet say that I can get laid(with hot girls) whenever I want, but now dating is not that esoteric knowledge and I know the dynamics that go into it.
Since I spent lots of energy and time into dating, my professional growth as well as my social life suffered a bit. I had only temporary acquaintances that I could not count on if I needed help with anything.
During fall I also had unnecessary expenses and roadblocks that prevented me from starting some of my small projects.
So this year will be about building on my finances, social circles and dating, in that order.
First off, I just bought a new car that hopefully I can use for Uber/Lyft. I'm planning to pay it off within 3 years with a 2.01% interest rate. Aplying for credit lowered my credit score from 730-740, to about 710-720. I use creditkarma to keep an eye on my credit. A good chunk of my paycheck will go to pay off the car, but at least my credit score will benefit from it, and I'm also saving a lot on gas.
When it comes to investments I'm a noob, but I'm learning as it's been in my focus for the past 2 months.
I've been reading some investment blogs that have helped me get started, not just trading but managing money in general.
What I have been doing for the past two months:
Sending a small chunk of my pre-tax money to my Health Savings Account.
I am investing 20% of my pre-tax money into my 401(k):
Bankers Petroleum $0.62/Share +7.75%
Etsy $8.71/Share -4.04%
Total Gain/Loss: +2.60%
I'll probably hold on to these two for a long time.
I also opened an account with Robinhood so I can mess around with stocks without paying for every trade.
I started with:
Hortonworks and Etsy, I got them at a very low price, I kept these two stocks for a month and sold them last week, with a around 9.70% growth, the reason is that I want to learn about different markets. My understanding is that I can't day trade as I'd need a good sum of cash on my account if I get labeled as a day trader.
So I'll play around with the little cash I have in my account by selling and buying from time to time, Every time I sell, Robinhood makes me wait for 3 days before I invest my money again. Last night I looked up the worst performing stocks of the day and earlier this morning I bought:
Southwestern Energy SWN $5.58
Marathon Oil MRO $7.69
QEP Resources Inc. QEP $9.50
Total Gain/Loss: +1.44%
Since I'm investing a small amount, I'm researching stocks that are worth between $5-20.
I'm with you that Business is the best form of investments where you have the most control. I'm doing my research at the moment in that regard.
At the point we all are, there's a lot of time wasted trying to figure things out. I don't want to be oblivious anymore about the stock market. So I'm forcing myself to learn this way. I better lose a few bucks now and learn a few valuable lessons. I've already started my career, and Uber is the potential side hustle that'll go towards paying for my car loan. If I had 50k of CASH, I'd still invest it back to my business.
-Dollar Cost Averaging: I'm already doing it through my 401k deposits. In the long run that'll make up for most of my investments.
Btw, congrats on reaching your goal with your online website. I still need to read your book
So my "strategy" was to look for worst performing stocks, buy them and sell them at around +10% growth. Cheap stocks fluctuate a lot.That is what I did today.
MRO at $8.47
SWN at $6.16
I bought SunEdison, Inc (SUNE) at $1.65
At the end of the day:
(after market prices change)
Looking at how well MRO did even after I sold, What I will change in my strategy is, to not sell when my goal is reached, but to put a Limit loss(maybe It's called differently?), and raise it as the value of the stock grows.
Robinhood is rolling out the option to have $1000 right away when you sell, when I get approved, I plan on doing some quick trades during the 3 day wait period.
On the other account, Bankers Petroleum and Etsy did pretty well too. I just wish I had more cash to invest on all these energy stocks.
I plan on researching about IRA and 529 account and see if I need to open one.
Sold QEP for $10.45
SUNE down to 1.52 or so
Apparently this company is in big trouble, it's going through some type of government control, and the banks who were about to lend $1.9B to acquire Vivint, are backing up.
On the other hand Bankers Petroleum is 30% high from the day I bought, Etsy slightly negative.
If anyone is thinking to sign up to Robinhood,pm me your #, I can send you a referral link that'll help me speed up the process of being able to use $1K right after I sell.
These are the stocks I'm keeping an eye on Google Finance:
Etsy Inc ETSY
Bankers Petroleum Ltd BNKJF
Hortonworks Inc HDP
Southwestern Energy... SWN
Sears Holdings Corp SHLD
QEP Resources Inc QEP
Mylan NV MYL
Marathon Oil Corporation MRO
Pepco Holdings, Inc. POM
Sunedison Inc SUNE
Vivint Solar Inc VSLR
Nabors Industries Ltd. NBR
Avinger Inc AVGR
TiVo Inc. TIVO
Big 5 Sporting Goods... BGFV
Kona Grill Inc KONA
Northwest Pipe Company NWPX
Evolving Systems Inc EVOL
Sold SUNE $2.49, closed at 1.99
Sunedison cancelled the deal with Vivint. I wish Robinhood allowed trading before the market opened.
Pretty much every stock on my watch list had negative growth today.
SWN at $7.60 closed at $7.34
Bought some more of CLDX at $3.75, closed at $3.68.
I plan on updating when I sell/buy or when I have some insight to share. Let me know when you're about to sign up to Robinhood, so I can give you my referential code.
I read from wherever I can depending on what I need to understand.
I read regularly from financialsamurai.com
But a good starting point to learn the basic concept is this series of articles:
Check out these sites as well.
Deposited a few hundred bucks to the account last week, I should have the deposit clear in a couple of days
Bought AVGR at $3.61/share
CLDX has been a pain lately with its value fluctuation, dropping below $3.00 from my initial purchase of over $4.0 I purchased more shares, lowering my avg cost to around $3.72. Sold today at $3.61. about 2-3% loss, but I needed the cash for better positions.
Great news over the weekend. Bankers made a deal with Geo-Jade Petroleum Corp to sell its assets at $1.69/share, from 0.62 of purchase price. That's 270% growth
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I didn't think that your exercise and diet advice would have girls checking me out. It did.
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Kratom is next!
To anyone reading this, follow through, read this material, APPLY this material, and enjoy life.